NACDAC Infrastructure Ltd secures LoA from Northern Railway

NACDAC Infrastructure Limited, a leading construction and infrastructure development company, is pleased to announce that it has received a Letter of Acceptance (LOA) from Northern Railway - Ferozpur Division (Punjab, India) for the execution of railway infrastructure works.

Project Details

The Company has been awarded the contract for:

"Augmentation of Homing Capacity at ELS/LDH from 200 to 300 Locomotives."

- Client: Northern Railway - Ferozpur Division
- Contract Value: ₹15,15,80,987.60 (Rupees Fifteen Crore Fifteen Lakh Eighty Thousand Nine Hundred Eighty-Seven and Sixty Paise Only)
- Performance Guarantee: 5% of contract value
- Project Completion Period: 12 Months from the date of Letter of Acceptance

This project is aimed at enhancing the homing capacity of Electric Locomotives at the Electric Loco Shed (ELS), Ludhiana, which will contribute to improved operational efficiency and capacity expansion within the Northern Railway network.

Strategic Significance

The award of this contract further strengthens NACDAC Infrastructure Limited's presence in the railway infrastructure sector, demonstrating the company's capability to deliver technically complex projects for prestigious government clients.

With this project, NACDAC Infrastructure continues to expand its portfolio of infrastructure development projects across India while supporting the modernization and capacity expansion of the Indian Railways network.

Shares of NACDAC Infrastructure Limited was last trading in BSE at Rs. 23.25 as compared to the previous close of Rs. 23.20. The total number of shares traded during the day was 4000 in over 1 trades.

The stock hit an intraday high of Rs. 23.25 and intraday low of 23.25. The net turnover during the day was Rs. 93000.00.

Source : Equity Bulls

Keywords

NACDACInfrastructure CivilConstruction INE0LB101011 LoA NothernRailway