Quadrant Future Tek Secures Rs. 287 Crore Contract from CLW
Filing Summary
Quadrant Future Tek Ltd has received an offer from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of 353 Onboard KAVACH Loco Equipment Ver- 4.0. The contract is valued at Rs. 287 Crores, inclusive of taxes. The agreement includes warranty and long-term annual maintenance. The contract is to be executed within 12 months from the purchase order date. Quadrant Future Tek’s promoters have no interest in CLW, and the transaction is not a related party transaction.
Quadrant Future Tek Ltd has received an offer from Chittaranjan Locomotive Works (CLW) on January 14, 2026, for the supply, installation, testing, and commissioning of 353 Onboard KAVACH Loco Equipment Ver- 4.0. The contract is valued at Rs. 287 Crores, inclusive of taxes. This agreement includes a warranty and long-term annual maintenance.
The contract specifies that the work is to be completed within 12 months from the date of the purchase order. The transaction is classified as domestic, with no international involvement. The promoters and promoter group of Quadrant Future Tek have no interest in CLW, and the transaction is conducted at arm’s length, ensuring it is not a related party transaction.
The details of this contract are available on the company’s website. The filing also includes information pursuant to the SEBI Circular dated November 11, 2024, ensuring compliance with regulatory requirements.
Chittaranjan Locomotive Works is a prominent entity in the locomotive manufacturing sector, focusing on the production and maintenance of electric locomotives. It plays a significant role in the Indian Railways’ operations, contributing to the modernization and efficiency of rail transport.
Quadrant Future Tek Ltd is engaged in providing advanced technology solutions, focusing on the development and implementation of innovative systems for various sectors. The company prioritizes enhancing operational efficiency and safety through its technology offerings.