Airfloa Rail Technology Limited has secured a new order worth ₹2.53 crore from the Integral Coach Factory, Chennai, a unit of Indian Railways. The contract, received on May 27, 2026, involves the supply of one coach set comprising roof, sidewall, and end wall for the Amrit Bharat project. This order reinforces the company's engagement with the domestic railway infrastructure segment.

The order is subject to Indian Railways Standard Conditions of Contract and General Conditions of Contract for the Stores Department of Indian Railways. The broad consideration for the contract is fixed at ₹2.53 crore, with payment terms stipulating 100% payment on the receipt note after material acceptance at the Integral Coach Factory. The company is exempted from providing security money as it is an approved regular source of the Rail Coach Factory.

Execution of the order is required within a period of ten months. The mode of despatch for the materials is specified as by road, and inspection will be conducted by a third-party agency. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing confirmed that the order has been awarded by a domestic entity and does not involve any related party transactions. There is no interest held by the promoter, promoter group, or group companies in the entity awarding the contract. The work order was received via email at 11:14 A.M. on May 27, 2026.

Key Order Details

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.