SYNOPSIS: Quadrant Future Tek Limited received an order worth Rs. 230.42 crore from Integral Coach Factory for supplying and commissioning 192 onboard KAVACH Version-4 systems within 12 months.
During Thursday’s trading session, shares of a company involved in manufacturing specialty cables and developing train control & signalling systems surged nearly 5 percent on the BSE, after securing an order worth more than Rs. 230 crores from Integral Coach Factory, Chennai.
At 10:51 a.m., shares of Quadrant Future Tek Limited were trading in the green at Rs. 312 on BSE, up by around 3 percent, compared to its previous closing price of Rs. 303.15, with a market cap of Rs. 1,248 crores. The stock has delivered negative returns of over 40 percent in one year, and has fallen by nearly 2 percent in the last one month.
News
As per its latest regulatory filing, Quadrant Future Tek Limited has received an Offer from Integral Coach Factory (ICF), Chennai, for the supply, retrofitment, testing and commissioning of 192 onboard KAVACH Equipment (Version 4), in line with the in line with Research Designs and Standards Organisation (RDSO) specifications. The contract, valued at around Rs. 230.42 crore, also includes warranty and long-term annual maintenance, and is scheduled to be executed within 12 months.
Previously, on 14th January, the company had secured another significant order from Chittaranjan Locomotive Works (CLW) worth around Rs. 287.8 crore for the supply, installation, testing, and commissioning of 353 onboard KAVACH locomotive equipment (Version 4.0), along with warranty and long-term annual maintenance.
Financials
Quadrant Future Tek reported a decline in its revenue from operations, showing a year-on-year decrease of around 15 percent from Rs. 40 crores in Q2 FY25 to Rs. 34 crores in Q2 FY26. Meanwhile, its net loss widened nearly fourfold, increasing from Rs. 4 crore to Rs. 16 crore, translating into an almost 300 percent rise in losses. As of H1 FY26, the company reported an order book at Rs. 1,156.4 crores.
As per the December 2025 shareholding pattern, the renowned ace investor Ashish Kacholia, through his investment firm Bengal Finance and Investment Pvt Ltd and Suryavanshi Commotrade Private Limited, holds a total of 3.46 percent stake in the company.
Quadrant Future Tek Limited is a research-oriented company engaged in the development of new-generation train control and signalling systems (for the Indian Railways’ KAVACH project) that offer the highest level of safety and reliability to rail passengers, and also possesses a speciality cable manufacturing facility with an in-house Electron Beam Irradiation Centre. The specialty cables manufactured by the company are used in railway rolling stock and the Naval (Defence) industry.
The company’s facility also possesses end-to-end infrastructure capabilities for the production of solar and EV cables. It has a facility for manufacturing, testing, researching, and developing specialty cables and also to manufacture the hardware required for the train control & signalling division, which is situated at Basma, Tehsil Banur, Distt Mohali.
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