E To E Transportation wins ₹35.24 crore railway contract

1 min read     Updated on 10 Jun 2026, 04:49 PM
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E To E Transportation Infrastructure Limited has received a Letter of Acceptance from South East Central Railway for a contract worth ₹35,23,73,193.63. The project involves signaling and telecommunication work, including station replacements and yard remodeling in the Raipur division, to be completed within 18 months. The order was awarded through competitive bidding and is not a related party transaction.

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e to e transportation infrastructure has secured a Letter of Acceptance from South East Central Railway for a signaling and telecommunication work contract valued at ₹35,23,73,193.63. The project, awarded through competitive bidding by a domestic government entity, involves the replacement of Sarona and Kumhari stations with new Distributed EI and yard remodeling for 4th line connectivity in the Raipur division. This order is significant as it expands the company's footprint in railway infrastructure projects within the domestic market.

The contract requires the execution of signaling and telecommunication work, including alteration and modification in the Auto section EI of Hitachi make. The company must complete the project within 18 months from the date of the Letter of Acceptance, which is June 9, 2026. The transaction is conducted at arm's length and does not fall under related party transactions, as South East Central Railway is a government entity under the Ministry of Railways.

Contract Details

The disclosure was made to the National Stock Exchange of India Ltd. (NSE Emerge) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the promoter, promoter group, or group companies have no interest in the entity awarding the order.

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

Particulars Details
Name of Entity South East Central Railway (SECR), Raipur Division
Nature of Order Works contract – Signaling and Telecommunication work
Contract Value ₹ 35,23,73,193.63
Performance Guarantee 10% of contract value (₹ 3,52,37,319.36)
Execution Period 18 months from June 9, 2026
Customer Type Domestic entity (Indian Railways – SECR)

A performance guarantee of ₹ 3,52,37,319.36, representing 10% of the contract value, must be submitted within 21 days. The company stated that this order is part of its regular business operations and was secured based on its technical and commercial capabilities.

Historical Stock Returns for E to E Transportation Infrastructure

1 Day5 Days1 Month6 Months1 Year5 Years
-3.73%-6.73%-10.60%-17.77%-17.77%-17.77%

How will this contract impact E to E Transportation Infrastructure's revenue and profitability over the next two fiscal years?

What are the potential challenges the company might face in meeting the 18-month execution deadline, given the technical complexity of the project?

Could this order serve as a springboard for the company to secure similar railway infrastructure contracts in other divisions or regions?

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E To E Transportation confirms no encumbrance on promoter shares in FY26

2 min read     Updated on 10 Jun 2026, 06:52 AM
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E To E Transportation Infrastructure Limited disclosed to the National Stock Exchange that no new encumbrances were created on promoter shares during FY26. The filing, signed by CEO Sourajit Mukherjee, complies with SEBI Takeover Regulations and lists 22 entities in the promoter group.

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E To E Transportation Infrastructure Limited has confirmed that its promoters and persons acting in concert have not created any encumbrance on shares held in the company during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This confirmation is critical for shareholders as it indicates that the promoters' shareholding remains free from charges or pledges that could potentially impact ownership stability.

The filing, dated April 7, 2026, was made on behalf of the promoters and promoter group by Sourajit Mukherjee, Whole-time Director, CEO, and Promoter. It explicitly states that no new encumbrances were created directly or indirectly during FY26, other than those already disclosed in previous financial years. The company requested that this disclosure be placed before its audit committee in accordance with Regulation 31(5) of the Takeover Code.

The disclosure included a comprehensive list of individuals and entities comprising the promoter and promoter group. The list distinguishes between individual promoters and corporate entities or family members classified as promoter group members. This transparency is mandated by regulatory norms to provide clear visibility into the ownership structure of the company.

The following table details the members of the promoter and promoter group as per the filing:

Sl. No. Name of Promoter/Promoter Group Promoter/Promoter Group
1. Sourajit Mukherjee Promoter
2. Vinay Kunjuri Panduranga Rao Promoter
3. Geetali Mukherjee Promoter Group
4. Spandana Mukherjee Promoter Group
5. Soumita Mukherjee Promoter Group
6. Sankha Subhra Guha Biswas Promoter Group
7. Kunjuri Panduranga Rao Promoter Group
8. Girija Kundapura Promoter Group
9. Srilatha Laxmidhara Promoter Group
10. Vidya Kunjoori Panduranga Promoter Group
11. Punaroor Laxmidhara Promoter Group
12. Pushpalatha Laxmidhara Rao Promoter Group
13. Sridhar L Promoter Group
14. Mantra PE - Mantra Secondary Opportunities III SCA - SIF Promoter Group
15. I9 General Partners LLP Promoter Group
16. I9 Fund Advisors LLP Promoter Group
17. Ishaan Mukherjee Promoter Group
18. Aishwarya Mukherjee Promoter Group
19. Aniketh Vinay Rao Promoter Group
20. Anish V Rao Promoter Group
21. Ventureast ETOE LLP Promoter
22. Zephyr Mantra LLC Promoter

The submission was addressed to the Listing Department of the National Stock Exchange of India Limited, located in Bandra Kurla Complex, Mumbai. The company, formerly known as E To E Transportation Infrastructure Limited Private Limited, is headquartered in Bengaluru, Karnataka.

Historical Stock Returns for E to E Transportation Infrastructure

1 Day5 Days1 Month6 Months1 Year5 Years
-3.73%-6.73%-10.60%-17.77%-17.77%-17.77%

How will the absence of encumbrances on promoter shares influence investor confidence and stock liquidity in the upcoming fiscal year?

Does the current unencumbered status of the promoter holdings indicate a shift in strategy towards potential capital raising or M&A activities?

What are the long-term funding plans for the company given that promoters have not utilized their shares as collateral for leverage?

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1 Year Returns:-17.77%