Airfloa Rail Technology Limited has secured a new order worth Rs 2.68 crores from the Furnishing Division of Integral Coach Factory, Chennai, according to a BSE filing. The order is for the supply and installation of 38 sets of panelling inside walls, partitions, and roofs. This contract is a significant win for the company, bolstering its order book.
The project involves the supply and installation of panelling inside walls, partitions, and roofs, with a total value of Rs 2.68 crores.
The contract was awarded through a domestic entity, and the company is expected to complete the project within a minimum of one and a half months and a maximum of six months.
As part of the agreement, the payment terms include an 80% payment on proof of inspection certificate and provisional physical receipt certificate, and the balance 20% payment along with 100% installation charges after receipt and acceptance of stores by the consignee.
The order adds to Airfloa’s existing pipeline, strengthening its position in the rail technology sector. This contract is a testament to the company’s capabilities and expertise in providing high-quality products and services to the Indian Railways.
This order reinforces Airfloa’s position as a significant player in the rail technology sector, with a strong focus on delivering quality products and services to its clients.
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