Shares of Airfloa Rail Technology are likely to attract investor interest in Tuesday’s trade, October 13, after the company secured a fresh order worth ₹34.85 crore.
In a post-market regulatory filing on Monday, the company announced that it had received an order from Integral Coach Factory (ICF), under the ICF-HQ-Mechanical office of the Chief Depot Engineer (Mechanical), Integral Coach Factory, Chennai.
The order involves the interior design of one Vande Bharat Sleeper trainset and the development of one mock-up. The entire work is to be completed within 12 months from the date of issue of the letter of acceptance (LOA).
The company did not disclose the name of the entity awarding the contract but stated that the order was awarded by a domestic entity and is classified as a domestic order.
Airfloa said that neither the promoter nor the promoter group or group companies have any interest in the entity awarding the contract. The order does not fall under related-party transactions, and there was no delay in reporting the development.