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The total contract value stands at Rs 230.42 crore. The order is to be executed within 12 months and is entirely domestic in nature.
KAVACH is India’s indigenous automatic train protection system developed under the Railways’ safety modernisation programme and specified by the Research Designs and Standards Organisation.
Quadrant Future Tek clarified that the contract is awarded on an arm’s length basis and that neither the promoters nor group entities have any interest in ICF.
Quadrant Future Tek is engaged in the development of next-generation train control and signalling systems that enhance safety and reliability for rail passengers. The company also operates a specialty cable manufacturing facility equipped with an in-house Electron Beam Irradiation Centre. Its specialty cables are supplied for railway rolling stock and the naval defence sector. The facility also has end-to-end infrastructure for the production of solar and electric vehicle cables.
On a standalone basis, Quadrant Future Tek reported net loss of Rs 15.89 crore in Q2 September 2025, higher than net loss of Rs 3.56 crore in Q2 September 2024. Net sales declined 13.20% YoY to Rs 34.40 crore in Q2 September 2025.
The order, including warranty and long-term annual maintenance, is valued at Rs 287.83 crore.
The company said the order has been awarded by a domestic entity and is to be executed within 12 months from the date of the purchase order.
The company added that the transaction is at arm’s length, with no interest from the promoter, promoter group or group companies, and does not fall under related-party transactions.
Quadrant Future Tek is a technology- and innovation-driven company engaged in the development of next-generation train control and signalling systems, specialty cables and interconnect products, offering high levels of safety and reliability to rail passengers. The company serves customers in India.
The company reported a standalone net loss of Rs 15.89 crore in Q2 FY26, compared with a net loss of Rs 3.56 crore in Q2 FY25. Revenue from operations declined 13.2% year-on-year to Rs 34.40 crore in Q2 FY26.
DCX Systems Ltd, Aeroflex Industries Ltd, Tips Films Ltd and Kaya Ltd are among the other gainers in the BSE's 'B' group today, 19 December 2025.
Quadrant Future Tek Ltd surged 15.84% to Rs 291.75 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 5.54 lakh shares were traded on the counter so far as against the average daily volumes of 10869 shares in the past one month.
DCX Systems Ltd soared 15.72% to Rs 181.45. The stock was the second biggest gainer in 'B' group. On the BSE, 4.8 lakh shares were traded on the counter so far as against the average daily volumes of 30652 shares in the past one month.
Aeroflex Industries Ltd spiked 11.89% to Rs 198.1. The stock was the third biggest gainer in 'B' group. On the BSE, 9.39 lakh shares were traded on the counter so far as against the average daily volumes of 18114 shares in the past one month.
Tips Films Ltd spurt 10.08% to Rs 451. The stock was the fourth biggest gainer in 'B' group. On the BSE, 7951 shares were traded on the counter so far as against the average daily volumes of 1906 shares in the past one month.
Kaya Ltd advanced 10.00% to Rs 368.5. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1752 shares were traded on the counter so far as against the average daily volumes of 344 shares in the past one month.