Quadrant is a research-oriented company, engaged in developing new generation Train Control and Signalling Systems
MUMBAI, Jan 14 (The CONNECT) – Shares of Quadrant Future Tek Limited made an impressive debut on the exchange listing at a 27.58% premium.
Quadrant is a research-oriented company, engaged in developing new generation Train Control and Signalling Systems for Indian Railways that offers the highest level of safety and reliability to rail passengers and also possess a Specialty cable manufacturing facility with Electron Beam Irradiation Centre.
The scrip listed Rs 374 per share on BSE, a premium of 28.96% and Rs 370 per share on NSE, a premium of 27.58%. The company’s share price closed at Rs 448.75 per share on the BSE, a 54.74% premium, and at Rs 444 per share on the NSE, a 53.10% premium.
As per NSE, the total quantity traded stood at 146.76 lakh shares, on BSE the total Quantity stood at 15.38 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 646.22 crore.
The Market Capitalization of the Company at today’s closing price stood at Rs. 1,795 Crore as per BSE and Rs. 1,776 Crore as per NSE.
Mohit Vohra, Managing Director– Quadrant Future Tek Ltd thanked the investors for placing their “trust and confidence” in the company’s vision.
The specialty cables manufactured by the Company is used in Railways rolling stock and Naval (Defence) industry. The facility also possess end to end infrastructure capabilities for production of Solar & EV Cables. The Company has one facility for manufacturing, testing, researching, and developing specialty cables and also to manufacture the hardware required for Train Control & Signalling Division, both situated at Village Basma, Tehsil Banur, Distt Mohali, Punjab.
The Company has dedicated Railway Signalling & Embedded System Design centre for the development of Train Control Products & Solutions and is working towards development of Train Collision Avoidance System and Electronic Interlocking System under KAVACH as a means of Automatic Train Protection System to enable safety and capacity augmentation in Indian Railways.
Under Kavach implementation, the Company has received purchase order on December 12, 2024 from Chittranjan Locomotive Works for the supply, installation, testing, and commissioning of On-board Kavach equipment in 1,200 locomotives for an aggregate value of ₹ 9,786.06 million (including taxes). Also, on May 01, 2024, the Company has entered into a Memorandum of Understanding with RailTel Corporation of India Limited, a Government of India undertaking, to define a framework of inter-se co-operation to pursue Kavach opportunities for Railways in India and abroad.
