Subros Ltd receives order from Indian Railways

Subros Ltd has secured a new Order from Indian Railways for Comprehensive Annual Maintenance Contract of Cab HVAC Units amounting to Rs. 52.18 Crores (approx) in a recently concluded tender (to be completed in three years).

The Company is already a trusted supplier of Rail Driver Cabin & Coach Air-Conditioning System(s) to Indian Railways. With this business, the Company has now expanded itself into service contracts in addition to supply of air-conditioning system to Indian Railways. Now, the Company's cumulative order booking in this financial year for Railways segment is Rs. 86.35 Crores (approx) (for supplies and maintenance).

Shares of Subros Limited was last trading in BSE at Rs. 879.45 as compared to the previous close of Rs. 872.25. The total number of shares traded during the day was 4212 in over 402 trades.

The stock hit an intraday high of Rs. 885.45 and intraday low of 866.05. The net turnover during the day was Rs. 3699926.00.

Source : Equity Bulls

Keywords

Subros INE287B01021 OrderWin IndianRailways AMC