Frontier Springs Ltd awarded Rs. 52.20 crore order for supply of Air Springs

Frontier Springs Limited, a leader in the manufacturing and supply of Coil Springs to Indian Railways for more than 40 years, is thrilled to announce the award of a significant contract valued at approximately Rs. 52.20 crores. This order, a milestone in the company's history, involves the supply of 894 sets of air springs.

Commenting on the order win, Kapil Bhatia, Managing Director, said: The new plant set up of Air Springs in collaboration with Contitech Germany for which the trails were under way got If's approval last month; received major orders of this scale yesterday and it certainly paves the way for more in the future. Our team is fully prepared and confident in delivering these air springs. We are optimistic and anticipate that orders will keep coming our way. We are scheduled to supply quantities on a monthly basis, aiming to complete the order by the end of this calendar year."

This order is a significant step in Frontier Springs Limited's journey towards becoming a prominent player in the supply of Air Springs to Indian railways. It strengthens our position in the market as a reliable and quality-driven supplier.

Shares of FRONTIER SPRINGS LTD. was last trading in BSE at Rs. 1075.55 as compared to the previous close of Rs. 1055.60. The total number of shares traded during the day was 9116 in over 185 trades.

The stock hit an intraday high of Rs. 1089.00 and intraday low of 1004.30. The net turnover during the day was Rs. 9788792.00.

Source : Equity Bulls

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