Stone India secures order from Ministry of Defence

Stone India Ltd has announced that the Company has received an initial Defence Freight Car up gradation order from Ministry of Defence.

The Ministry of Defence for the first time has decided to undertake this work through a private company. Earlier all such work were executed by Indian Railways directly. On completion of the initial 50 nos of Freight Car the company expects to receive a bulk order from Ministry Of Defence. Defence has over 1000 nos of such Freight Cars which needs up gradation.

This marks a major break through for the company in the Railway Services & Project arena and is line with its objective to take the company forward in its value chain migration process.

Source : Equity Bulls

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