Mumbai, 3 September (Kiran News): Shares of Quadrant Future Tek surged on Tuesday after the company received a Letter of Acceptance (LoA) for a new work order worth Rs 128.91 crore from RailTel Corporation of India. The stock was trading at Rs. 471.35 on the BSE, up by 1.29% from its previous close.
The scrip opened at Rs. 468.00 and touched a high of Rs. 484.00 and a low of Rs. 464.65 during the session. In the past year, the stock reached a high of Rs. 743.45 (6 February 2025) and a low of Rs. 367.00 (14 January 2025). The company’s current market capitalization stands at Rs. 1,899.00 crore.
Promoters hold 70.00% of Quadrant Future Tek, while institutional and non-institutional investors hold 8.35% and 21.65% respectively.
The new order involves the provision of the Kavach System—an indigenous train collision avoidance system—across 607 route kilometres (RKM) of low-density railway tracks in East Central Railway. This project aims to enhance safety and efficiency in train operations.
Quadrant Future Tek is engaged in the manufacturing of speciality cables and the design, development, and manufacturing of embedded systems for railway signalling and train control applications.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.