Order Win

Concord Control Systems Receives ₹279.90 Crore KAVACH 4.0 Order from Indian Railways Through Associate Company Progota India

NSE

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BSE

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Concord Control Systems Limited announced that its associate company, Progota India Private Limited, has received a ₹279.90 crore order from Indian Railways for the supply, installation, testing and commissioning of On-board KAVACH 4.0 locomotive equipment. The order is scheduled to be executed within 12 months and strengthens the company’s presence in India’s railway safety and signalling infrastructure segment.

PRICE-SENSITIVE TRIGGER

Event: Receipt of KAVACH 4.0 Railway Safety Equipment Order

Type: Order Win

Impact: Positive

Immediate Effect: The order adds significant revenue visibility, strengthens Concord’s railway technology portfolio, and enhances participation in the nationwide rollout of the KAVACH railway safety system.

Key Metrics:

Order Value: ₹279.90 crore
Execution Period: Within 12 months
Customer: Indian Railways
Business Segment: Railway Safety & Signalling Technology
Order Type: Supply, installation, testing and commissioning of On-board KAVACH 4.0 Loco equipment

Highlight:

The ₹279.90 crore KAVACH 4.0 order represents a significant addition to Concord Control Systems’ railway safety business and provides strong medium-term execution visibility.

What Happened ?

Concord Control Systems Limited informed stock exchanges that its associate company, Progota India Private Limited, has secured a major railway safety order from Indian Railways.

The contract covers the supply, installation, testing and commissioning of On-board KAVACH 4.0 locomotive equipment. KAVACH is India’s indigenous automatic train protection system designed to improve railway safety and reduce collision risks.

The order is domestic in nature and is expected to be executed within a period of 12 months.

Key Details

Order Specifications:

Awarding authority is Indian Railways.
Order received through associate company Progota India Private Limited.
Scope includes:
- Supply of On-board KAVACH 4.0 equipment.
- Installation and commissioning services.
- Testing and operational deployment.
Order value stands at ₹279.90 crore.
Execution timeline is within 12 months.
Order is awarded by a domestic entity.
Project supports implementation of railway safety and train protection infrastructure.
No promoter or promoter group interest exists in the awarding entity.
Transaction does not fall under related-party transactions.

Note:

The order strengthens Concord Control Systems’ positioning in India’s railway modernization and safety technology ecosystem, where KAVACH deployment remains a strategic priority for Indian Railways.

Risk Analysis

Summary:

While the order provides substantial revenue visibility, execution remains dependent on project implementation schedules, customer approvals, deployment milestones and railway procurement timelines.

Key Risks:

Project execution must be completed within the stipulated timeline.
Delays in installation or commissioning could affect revenue recognition.
Railway infrastructure projects are subject to regulatory and operational approvals.
Dependence on milestone-based execution may impact quarterly revenue timing.
Supply-chain disruptions could affect equipment deployment schedules.

Worst Case Scenario:

Any significant delay in deployment, testing, commissioning, or customer acceptance could postpone revenue realization and impact project profitability.

Risk Level: Low

Company Commentary

Progota India Private Limited has received the KAVACH 4.0 order from Indian Railways.
The project covers supply, installation, testing and commissioning of On-board KAVACH 4.0 locomotive equipment.
Total contract value is ₹279.90 crore.
Execution is expected to be completed within 12 months.
The order is domestic in nature and is not a related-party transaction.

Official Exchange Filing: Concord Control Systems Limited