Shares of Frontier Springs Ltd rose nearly 5% to ₹3,720 in early trade on June 3, after the company announced it had secured fresh orders worth ₹92.6 crore from Indian Railways. The orders relate to the supply of air spring assemblies for modern coaches and are expected to be fulfilled over a multi-quarter timeline.
In a regulatory filing dated June 2, the company confirmed receiving a purchase order of ₹34.61 crore from Rail Coach Factory (RCF), Kapurthala, and an additional ₹58 crore from Modern Coach Factory (MCF), Raebareli. These orders pertain to high-capacity air spring assemblies (160 KN) used in LHB coaches.
Frontier Springs noted that the contracts carry staggered delivery timelines, with the MCF order specifying monthly quantities and schedules extending into 2026.
Following the announcement, investor sentiment turned positive. The stock touched an intraday high of ₹3,800, nearing its 52-week peak. With a market capitalization of ₹14.43 billion and a P/E ratio of 41.21, the company continues to be a niche player in India’s railway infrastructure ecosystem.
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