Quadrant Future Tek Limited on Tuesday (September 2) said it has received a letter of acceptance (LoA) from RailTel Corporation of India Ltd for the Kavach system, an indigenous train collision avoidance system, on the railway tracks of the East Central Railway.
The order, valued at ₹128.91 crore (including taxes), involves the supply, installation, and commissioning of Kavach equipment across 607 route kilometre (RKM) of low-density railway tracks. The execution timeline for the contract is 24 months.
Quadrant confirmed that the work order is domestic in nature and has been awarded on an arm’s length basis, with no interest held by promoters or promoter group in RailTel. The company said the order will be executed in line with the stipulated terms, with details also made available on its official website.
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Quadrant Future Tek is a research-oriented organisation engaged in developing next-generation train control and signalling systems under the Kavach project of the Indian Railways. These systems offer the highest level of safety and reliability to rail passengers. The company operates a speciality cable manufacturing facility equipped with an electron beam irradiation centre.
The speciality cables manufactured by the company are used in railway rolling stock and the naval (defence) industry. Additionally, the facility boasts end-to-end infrastructure capabilities for the production of solar and EV cables.
Shares of Quadrant Future Tek Ltd ended at ₹463, up by ₹34.45 or 8.04%, on the BSE today (September 2).
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