Airfloa Rail Technology Limited has announced that it has received a new order worth ₹2.68 Crores from the Indian Railways. The order was awarded by the Furnishing Division of Integral Coach Factory, Chennai, on May 19, 2026. The contract pertains to the domestic market and involves the supply and installation of interior panelling for railway coaches.

Order Details

The scope of the contract includes the supply and installation of 38 sets of panelling for inside walls, partitions, and roofs. The execution timeline varies for different items, with the minimum completion time set at one and a half months and the maximum completion time within six months.

Contract Terms

The order is subject to the Indian Railways Standard Conditions of Contract and General Conditions of Contract for the Stores Department of Indian Railways. The contract will be governed by the latest version of the Indian Railway Stores (IRS) conditions of contract. Inspection of the goods will be conducted by a third-party agency.

Payment Structure

The payment terms are structured based on the progress of the supply and installation. Up to 80% of the payment for the supply portion will be released upon the submission of the inspection certificate and Provisional Physical Receipt Certificate. The remaining 20% of the supply payment, along with 100% of the installation charges, will be paid after the receipt and acceptance of stores by the consignee, based on the installation certificate issued by the competent authority.

Airfloa Rail Technology Limited has disclosed that it has secured a new order worth Rs.92.08 Lakhs from Integral Coach Factory, Chennai. The order was received on May 7, 2026, and the intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The contract entails the supply and installation of nine sets of Stainless Steel Nose cones for MEMU/DMC/JK(944). The total value of the order is Rs.92.08 Lakhs. The entity awarding the order is the Integral Coach Factory, Chennai – 600038, which operates under Indian Railways. The project is classified as a domestic order and must be executed within a period of twelve months.

Contract Terms and Conditions

The order is subject to the Indian Railways Standard Conditions of Contract (Latest Edition) and the General Conditions of Contract for the Stores Department of Indian Railways. The contract will be governed by the latest version of the IRS conditions of contract, including all correction slips and terms incorporated in the tender documents.

Payment Structure

The payment terms are structured as follows:

• 90% against PRC and IC.
• Balance 10% plus 100% installation charges against Receipt Note and installation certificate issued by a Gazetted Officer of the Mechanical department.

Key Information

The following table summarizes the key particulars of the order:

The company confirmed that the order does not involve any interest from the Promoter/Promoter Group/Group Companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.