The contract, awarded by a domestic entity, is slated for completion within 7 months.
The company clarified that neither the promoter nor the promoter group has any interest in the awarding entity, and the deal does not fall under related-party transactions.
The order further strengthens Concord Control Systems’ position in the railway automation and safety solutions segment, aligning with the government’s ongoing rail modernization drive.
Concord Control Systems engaged in the business of Electrical Machinery for Indian Railways and allied products.
The company’s consolidated net profit jumped 76.8% to Rs 22.65 on 90% jump in net sales to Rs 124.46 crore in FY25 over FY24.