Quadrant Future Tek has secured a ₹230.42 crore domestic contract from Integral Coach Factory, Chennai, to supply, retrofit, test and commission 192 onboard KAVACH 4.0 systems, including warranty and long-term annual maintenance within 12 months.
Source: Quadrant Future Tek Press Release (NSE Exchange Fillings) | Published on Jan 29, 2025
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As quoted in the press release of Quadrant Future Tek (NSE Exchange Filings), Quadrant Future Tek Limited has received and accepted an offer from Integral Coach Factory (ICF), Chennai, for a contract valued at ₹230.42 crore, inclusive of taxes. The order covers the supply, retro fitment, testing and commissioning of 192 onboard KAVACH Equipment Version 4.0, along with warranty and long-term annual maintenance.
The contract has been awarded by a domestic entity and will be executed over a period of 12 months. The company disclosed the development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
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Contract value stands at ₹230.42 crore, including applicable taxes.
Order awarded by Integral Coach Factory, Chennai.
Scope includes supply, retrofitment, testing and commissioning.
Covers 192 onboard KAVACH 4.0 units as per RDSO specifications.
Execution period fixed at 12 months.
No promoter or related party interest involved.
The contract requires Quadrant Future Tek to deliver KAVACH Version 4.0 systems that comply with RDSO specifications. Apart from supplying the equipment, the company will carry out retrofitment on rolling stock, followed by testing and commissioning. The agreement also includes warranty coverage and long-term annual maintenance services, extending the company’s operational responsibility beyond installation.
The transaction does not qualify as a related party transaction, and the promoters or promoter group entities do not hold any interest in Integral Coach Factory. The agreement has been executed on an arm’s length basis.
Particulars | Details |
Awarding Entity | Integral Coach Factory, Chennai |
Nature Of Contract | Supply, Retrofitment, Testing & Commissioning |
Equipment | 192 Onboard KAVACH 4.0 Units |
Contract Value | ₹230.42 crore (including taxes) |
Execution Period | 12 months |
Related Party Involvement | Not applicable |
KAVACH is an indigenous automatic train protection system aimed at improving operational safety across the Indian Railways network. Orders of this nature reflect ongoing investments in signalling and safety infrastructure. For Quadrant Future Tek, the project adds to its existing portfolio of railway and electrical equipment contracts and supports steady execution visibility over the contract period.
Market participants are likely to track execution progress and order flow updates, given the defined delivery timeline and maintenance obligations. Quadrant Future Tek share price movements may continue to reflect broader market sentiment and company-specific developments over the coming sessions.
Quadrant Future Tek share price stands at ₹313.15 per share on the BSE as of 29 January 2026 at 13:30 PM IST, up by 3.31% from the previous close of ₹303.10.
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