Quadrant Future Tek Bags Patiala Locomotive Works Order
Quadrant Future Tek Bags Patiala Locomotive Works Order for ₹20.19 Crore.
Quadrant Future Tek Limited, a company engaged in the business of developing new generation Train Control and Signalling Systems, on April 15, said that,
The Company has received a Letter of Acceptance for an order from Patiala Locomotive Works (PLW), a domestic entity. Source: BSE.
Order Details
According to the BSE data, Quadrant Future Tek (Quadrant or Company) has received an order from Patiala Locomotive Works for the Supply, Installation, Testing, and Commissioning of Onboard KAVACH Loco Equipment Ver- 4.0 with Warranty.
The order is in accordance with the Research Designs & Standards Organization (RDSO) specification, which has been accepted by the company.
The company stated that the order has been awarded by a domestic entity and is not a related party transaction.
It also said the promoter or promoter group has no interest in the awarding entity.
Quadrant Future Tek Bags Patiala Locomotive Works Order
Order Value
The value of the aforesaid order is worth Rs. 20,19,27,500/- (Rupees Twenty Crores Nineteen Lakhs Twenty-Seven Thousand Five Hundred Only), including taxes.
Tenure
The order is to be executed in three tranches, with the final tranche scheduled for delivery on or before 15th April, 2027.
Exchange Compliance
The Company has filed these details in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Refer to Quadrant Future Tek Limited latest News for further details.
Market Cap: The company’s market capitalization is ₹1,265 crore.
Technical: The stock is currently trading above its 20-day, 50-day, and 100-day simple moving averages but below its 200-day SMA.
Price Performance: The stock declined by 39.25% over the last year, declined 6.35% YTD, and declined 3.50% over the past three months. However, the company’s shares are trading 9% higher over the last one-month period.
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