Shares of Concord Control Systems Limited (BSE: 543619) gained 2.58% to ₹2,677.90 in early trade on Tuesday, September 16, after the company announced a major railway contract win through its associate company, Progota India Private Limited.
The order, valued at ₹19.45 crore, is for the supply and commissioning of Kavach 4.0, the Indian Railways’ advanced train collision avoidance system. The project covers the design, development, installation, trials, and commissioning of both onboard locomotive equipment and trackside systems for the South Central Railway.
The next-generation Kavach system has cleared key stages of Indian Railways’ approval process, including initial Safety Integrity Level 4 (SiL4) certification, with about 70% of certification already complete. The remaining approvals are expected to align with upcoming deployment timelines.
Nitin Jain, Joint Managing Director of Concord Control Systems, said this field order validates the company’s in-house engineering capabilities and positions it as one of the very few railway technology firms ready to deploy a fully developed Kavach system at scale.
At the time of reporting, Concord’s stock was trading at ₹2,677.90, up ₹67.35 from its previous close of ₹2,610.55. The company’s market capitalization stands at ₹16.95 billion, with shares touching a fresh 52-week high of ₹2,679.90 in today’s session.
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