Kothari Industrial Corporation Receives ₹6.33 Crore Contract Amendment from ICF Chennai
Kothari Industrial Corporation Limited received a contract amendment from Integral Coach Factory (ICF), Chennai, increasing the existing service contract quantity by 25% from 100% to 125%. The revised contract, valued at ₹6.33 crores inclusive of GST, covers hiring of forklift trucks with drivers, fuel, and associated staff. The contract period has been extended up to July 24, 2026, with the enhancement portion worth ₹1.27 crores added to the original ₹5.06 crores contract value.
*this image is generated using AI for illustrative purposes only.
Kothari Industrial Corporation Limited has secured a significant contract amendment from Integral Coach Factory (ICF), Chennai, enhancing its existing service agreement by 25% with a total revised value of ₹6.33 crores.
Contract Enhancement Details
The company received the contract amendment on April 2, 2026, which increases the quantity from the original 100% to 125%. This enhancement covers the hiring of forklift trucks along with drivers, fuel, and associated staff for ICF's operations.
| Contract Parameter: | Details |
|---|---|
| Original Contract Value: | ₹5.06 crores (inclusive of GST) |
| Enhancement Value: | ₹1.27 crores (inclusive of GST) |
| Total Revised Value: | ₹6.33 crores (inclusive of GST) |
| Contract Extension: | Up to July 24, 2026 |
| Quantity Increase: | 25% enhancement |
Service Specifications
The amended contract involves providing forklift trucks of 3-ton and 5-ton capacity along with comprehensive support services. The scope includes:
- Hiring of forklift trucks with drivers
- Fuel provision for equipment operation
- Associated staff for manpower support
- Movement of coach items in Furnishing Division Shops
Contract Terms and Conditions
The service contract maintains its original terms and conditions, with only the quantity enhancement being modified. Key aspects of the agreement include:
- Client: Integral Coach Factory (ICF), Chennai (a unit of Indian Railways)
- Nature: Domestic service contract
- Purpose: Movement of coach items in Furnishing Division Shops
- Flexibility: Subject to variation clause and may be short-closed if new tender rates are lower
Regulatory Compliance
Kothari Industrial Corporation has disclosed this contract amendment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this transaction does not involve any related party dealings and that promoter groups have no interest in the awarding entity.
The contract enhancement represents a positive development for the company's service operations, extending its engagement with Indian Railways through ICF Chennai until July 2026.
Historical Stock Returns for Kothari Industrial Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.49% | -3.54% | -8.16% | -70.90% | -20.16% | +8,418.52% |
Will Kothari Industrial Corporation bid for additional railway service contracts beyond the July 2026 expiration date?
How might this contract enhancement impact Kothari's quarterly revenue and profit margins for FY2026-27?
Could this successful partnership with ICF Chennai lead to similar forklift service contracts with other Indian Railways manufacturing units?
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