Dhara Rail Projects Secures ₹3.90 Cr Maintenance Contract from Eastern Railway
Dhara Rail Projects Limited has won a work order worth ₹3,90,37,364.10 (inclusive of GST) from the Howrah Division of Eastern Railway for comprehensive maintenance of 10 eight-wheeler tower wagons over 24 months. The disclosure was made under Regulation 30(4) of SEBI (LODR) Regulations, 2015, confirming no related party interest or promoter involvement in the awarding entity.
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Dhara Rail Projects Limited has secured a work order valued at ₹3,90,37,364.10 (Rupees Three Crore Ninety Lakh Thirty Seven Thousand Three Hundred Sixty Four and Ten Paise Only), inclusive of GST, from the Howrah Division - Electrical Office of Sr. Divisional Electrical Engineer, TRD, Eastern Railway, Howrah, 711101, West Bengal, India. The company disclosed this development pursuant to Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, via an intimation dated 7th May, 2026.
Contract Overview
The work order pertains to the Comprehensive Maintenance of 8-Wheeler Tower Wagons (10 Nos.) for Two years in Howrah Division of Eastern Railway. The contract has a tenure of 24 months and has been awarded by a domestic entity under the Ministry of Railways. The key details of the order, as disclosed in Annexure A of the regulatory filing, are summarised below:
| Parameter: | Details |
|---|---|
| Awarding Entity: | Ministry of Railways, Howrah Division - Electrical Office of Sr. Divisional Electrical Engineer, TRD, Eastern Railway, Howrah, 711101, West Bengal, India |
| Nature of Entity: | Domestic |
| Scope of Work: | Comprehensive Maintenance of 8-Wheeler Tower Wagons (10 Nos.) for Two years in Howrah Division of Eastern Railway |
| Contract Duration: | 24 Months |
| Order Value (incl. GST): | ₹3,90,37,364.10 |
| Related Party Transaction: | Not Applicable |
| Promoter/Group Interest in Awarding Entity: | No |
Regulatory Compliance
The intimation was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 dated July 13, 2023. The disclosure confirms that neither the promoter, promoter group, nor any group companies hold any interest in the entity that awarded the order, and the contract does not constitute a related party transaction. The filing was signed by Tejas Lalit Mehta, Managing Director of Dhara Rail Projects Limited, on 7th May, 2026.
Historical Stock Returns for Dhara Rail Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.55% | +7.49% | +10.43% | -19.37% | -19.37% | -19.37% |
How does this ₹3.9 crore contract compare to Dhara Rail Projects' historical order book size, and what percentage of annual revenue might it represent?
Could this maintenance contract with Eastern Railway's Howrah Division serve as a stepping stone for Dhara Rail Projects to bid on larger railway electrification or TRD infrastructure projects?
With Indian Railways expanding its tower wagon fleet for overhead equipment maintenance, how large is the total addressable market for such comprehensive maintenance contracts across all railway divisions?
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