e to e transportation infrastructure has secured a Letter of Acceptance from Rail Vikas Nigam Limited for a railway signaling and telecommunication project. The contract, dated May 18, 2026, and received on May 22, 2026, entails the design, supply, installation, testing, and commissioning of outdoor signal and telecommunication works. The project scope covers the section from Mangliyagaon to Kheri, including the provision of Electronic Interlocking at five stations: Mangliyagaon, Pannod, Semaliyachau, Chapda, and Kheri. This work is part of the new single broad gauge rail line between Indore and Budni in Madhya Pradesh.

The total contract value is ₹34,43,73,518.27. The company is required to submit a performance guarantee of 5% of the contract value, amounting to ₹1,45,92,100.00, within 28 days. The order was awarded by a domestic government entity through competitive bidding and is not a related party transaction.

Contract Details

The following table outlines the key financial and operational parameters of the awarded contract:

The project must be executed within 36 months from the date of receipt of the Letter of Acceptance. The company stated that this transaction is conducted at arm's length length.

Order Book Position

With the addition of this new contract, the company's current open order book stands at ₹763 crore inclusive of GST, or ₹647 crore exclusive of GST. This recent award strengthens the company's portfolio in the railway infrastructure sector.

e to e transportation infrastructure has released its audited financial results for the year ended March 31, 2026. The company reported a 51.50% increase in revenue from operations, which rose to ₹379.99 Cr in FY26 from ₹250.81 Cr in the previous year. Profit after tax (PAT) grew by 18.48% to ₹16.80 Cr, compared to ₹14.18 Cr in FY25.

Financial Performance

The company’s EBITDA for FY26 stood at ₹38.25 Cr, with a margin of 10.07%. In the second half of FY26, revenue reached ₹268.99 Cr, a 69.24% increase from ₹158.94 Cr in H2 FY25. PAT for the half-year was ₹24.11 Cr. The balance sheet shows total assets increasing to ₹556 Cr as of March 31, 2026, up from ₹295 Cr in the previous year.

Operational Highlights

E To E Transportation secured significant orders during the period, including a major EPC project for tripling the Srikalahasti-Renigunta section valued at ₹183.39 Cr. The company continues to expand its footprint across 14 countries, serving both B2G and B2B segments. Its order book includes projects for Indian Railways, PSUs, and metro rail corporations.

Strategic Developments

A key milestone achieved during the year was the RDSO (CCA) approval for prototype testing granted to its subsidiary, NOVA Control Tecnologix, for KAVACH 4.0 development on May 15, 2026. This positions the company to participate in the addressable market for KAVACH, estimated at ₹1.5–2.0 Lakh Crore over 10 years.

The management, led by Whole-time Director and CEO Mr. Sourajit Mukherjee, is focused on transitioning from a system integrator to a full-stack technology company. The investor presentation is available on the company's website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE1CEJ01017/c13aea6ddfe04373.pdf