Quadrant Future Tek shares gain up to 5% after ₹230 crore order win to supply KAVACH 4.0 equipment

Quadrant Future Tek Ltd. has received a contract worth ₹230.42 crore from Integral Coach Factory, Chennai (ICF) for the supply, retrofitment, testing and commissioning of 192 Onboard KAVACH Equipment Ver- 4.0, the company said on Thursday, January 29.

Quadrant Future said the contract also includes warranty and long-term annual maintenance of the equipment. The order is awarded by a domestic entity and is to be executed over 12 months.

Quadrant Future Tek is a research-driven company focused on developing next-generation train control and signalling systems under the Indian Railways’ KAVACH project, aimed at enhancing safety and reliability for rail passengers. The company also operates a specialised cable manufacturing facility with an in-house Electron Beam Irradiation Centre.

Its speciality cables are used across railway rolling stock and the naval defence segment, while the facility is also equipped with end-to-end infrastructure to manufacture solar and electric vehicle (EV) cables.

The company made its Dalal Street debut just a year ago, listing at ₹374 on BSE, a premium of 29% over its issue price of ₹290 and with a premium of 27.59% over the issue price at ₹370 on NSE.

Following the order win announcement, shares of Quadrant Future Tek Limited surged 5% reach intraday highs of ₹318.6. The stock has since pared the gains and is trading at ₹312.45, still 3.08% above the opening price. It has declined 32.16% in the past six months.

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