Quadrant Future Tek Secures ₹20 Crore Order from Patiala Locomotive Works for Advanced Loco Equipment
Quadrant Future gains after bagging Rs 20-cr LoA from PLW for Kavach Loco Equipment Ver-4.0
Business Standard
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Quadrant Future Tek's stock rose by 2.03% to ₹318.50 after receiving a ₹20.19 crore order from Patiala Locomotive Works (PLW) for the KAVACH Loco Equipment Ver-4.0. The contract involves multiple phases, with final delivery expected by April 15, 2027.
- 01Quadrant Future Tek's stock increased by 2.03% following the order announcement.
- 02The order from Patiala Locomotive Works is valued at ₹20.19 crore.
- 03Execution of the order will occur in three phases, with completion by April 15, 2027.
- 04The company reported a standalone net loss of ₹14.70 crore in Q3 FY26.
- 05Net sales increased by 23.2% year-on-year to ₹33.28 crore in Q3 FY26.
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Quadrant Future Tek's shares rose 2.03% to ₹318.50 after the company secured a ₹20.19 crore letter of acceptance from Patiala Locomotive Works (PLW) for the supply, installation, testing, and commissioning of KAVACH Loco Equipment Ver-4.0. The project will be executed in three phases, with the final delivery scheduled for April 15, 2027. This contract is significant for Quadrant Future Tek, which specializes in developing advanced train control and signaling systems aimed at enhancing rail safety and reliability. The company also manufactures specialty cables for the railway and naval sectors. Despite this positive development, Quadrant Future Tek reported a standalone net loss of ₹14.70 crore for Q3 FY26, compared to a loss of ₹8.45 crore in the same quarter of the previous fiscal year. However, net sales saw a 23.2% increase year-on-year, reaching ₹33.28 crore.
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The contract could enhance Quadrant Future Tek's financial stability and growth prospects, potentially leading to job creation in the local manufacturing sector.
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