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The total value of the project is Rs 155.93 crore and it is expected to be completed within 21 months.
In addition, the company clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity.
The official announcement was made on Wednesday, 26 March 2025, after market hours.
Quadrant Future Tek (QFTL) is engaged in the manufacture of specialty cables used in railway rolling stock and the naval (defence) industry. It specializes in manufacturing a wide range of electron beam irradiated cables for industrial usage and applications where fire and safety, light weight, and long-term performance are of utmost importance. The company has also recently expanded its operations to build an indigenously developed automatic train protection system that uses radio frequency identification to detect and stop a possible train collision under the Kavach project developed by the Research Designs & Standards Organisation (RDSO).
Quadrant Future Tek made a debut on the stock exchanges on 14 January 2025, with its shares listing at Rs 374, a 28.97% premium to the issue price of Rs 290. The company's initial public offering (IPO), which closed on 9th January 2025, was subscribed 186.66 times. The IPO was priced within a band of Rs 275 and 290 per share.
Shares of RailTel Corporation rose 0.15% to Rs 518.35 on the BSE.
Quadrant Future Tek Ltd, Banco Products (India) Ltd, Carraro India Ltd and Excel Industries Ltd are among the other losers in the BSE's 'B' group today, 10 February 2025.
NGL Fine Chem Ltd tumbled 20.00% to Rs 1501.6 at 14:28 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 9273 shares were traded on the counter so far as against the average daily volumes of 831 shares in the past one month.
Quadrant Future Tek Ltd crashed 20.00% to Rs 557.2. The stock was the second biggest loser in 'B' group.On the BSE, 2.78 lakh shares were traded on the counter so far as against the average daily volumes of 4.79 lakh shares in the past one month.
Banco Products (India) Ltd lost 19.89% to Rs 369.4. The stock was the third biggest loser in 'B' group.On the BSE, 2.46 lakh shares were traded on the counter so far as against the average daily volumes of 22886 shares in the past one month.
Carraro India Ltd plummeted 17.49% to Rs 357.95. The stock was the fourth biggest loser in 'B' group.On the BSE, 2.13 lakh shares were traded on the counter so far as against the average daily volumes of 21443 shares in the past one month.
Excel Industries Ltd slipped 16.79% to Rs 1143. The stock was the fifth biggest loser in 'B' group.On the BSE, 8124 shares were traded on the counter so far as against the average daily volumes of 938 shares in the past one month.