Kothari Industrial Corporation Limited Secures Contract Enhancement from ICF Chennai

Kothari Industrial Corporation Limited (KICL) has announced a significant amendment to its existing service contract with the Integral Coach Factory (ICF), Chennai, a key manufacturing unit of the Indian Railways. In a regulatory filing dated April 2, 2026, the company confirmed a 25% quantity enhancement in its current engagement.

The contract involves the hiring of 3-ton and 5-ton forklift trucks, complete with drivers, fuel, and associated support staff for the movement of coach items within ICF's Furnishing Division Shops. Under the new terms, the contract quantity has been increased from 100% to 125%.

Key Financial and Operational Details

The amendment adds approximately ₹1.27 Crore to the original contract value. With this enhancement, the revised total contract value stands at ₹6.33 Crore (inclusive of GST). To accommodate the increased workload, the execution period has been extended until July 24, 2026.

The company noted that while the quantity has increased, all other original terms and conditions remain unchanged. However, the contract remains subject to a variation clause and may be short-closed if future tender rates are found to be lower.

Shares of Kothari Industrial Corporation Limited was last trading in BSE at Rs. 161.80 as compared to the previous close of Rs. 161.40. The total number of shares traded during the day was 4337 in over 116 trades.

The stock hit an intraday high of Rs. 169.00 and intraday low of 155.50. The net turnover during the day was Rs. 695834.00.

Source : Equity Bulls

Keywords

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