Stock Report

Airfloa Rail Technology Ltd receives new order worth Rs. 1.23 crore from ICF

Posted On : 2026-04-04 19:29:16( TIMEZONE : IST )

Airfloa Rail Technology Limited has announced the receipt of a new domestic work order from the Integral Coach Factory (ICF), Chennai, a premier coach manufacturing unit of the Indian Railways. The contract, valued at ₹1.23 Crore, was formally accepted by the company on April 2, 2026.

The scope of the contract involves the supply of End Walls for 3PH Memu/TC Coaches. These are categorized as safety items, requiring strict adherence to technical specifications and packing standards. The components are to be supplied in "Coach Sets" directly to the Shell Depot at ICF, Chennai.

Key Contractual Terms

Order Value: ₹1.23 Crore (New Order).

Execution Timeline: Supply is scheduled to commence in November 2026, with the entire contract expected to be completed within 17 months.

Delivery & Logistics: The materials will be dispatched by road on a "FOR Destination" basis to Chennai.

Payment Terms: 100% payment will be released upon the issuance of a receipt note following the formal acceptance of materials by ICF.

Compliance: The contract is governed by the latest Indian Railways Standard (IRS) conditions. Being an approved regular source for the Rail Coach Factory (RCF), the company is exempted from submitting security money.

Shares of Airfloa Rail Technology Limited was last trading in BSE at Rs. 274.95 as compared to the previous close of Rs. 271.35. The total number of shares traded during the day was 54000 in over 51 trades.

The stock hit an intraday high of Rs. 280.00 and intraday low of 261.50. The net turnover during the day was Rs. 14711700.00.