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Subros Limited ( (IN:SUBROS) ) has shared an announcement.
Subros Limited has secured a significant order from Indian Railways for a Comprehensive Annual Maintenance Contract of Cab HVAC Units, valued at approximately Rs. 52.18 Crores, to be executed over three years. This contract marks an expansion into service contracts for Subros, complementing its existing supply of air-conditioning systems to Indian Railways, and brings the company’s total order booking for the railway segment this financial year to approximately Rs. 86.35 Crores.
More about Subros Limited
Subros Limited, established in 1985 as a joint venture with the Suri family of India, DENSO Corporation, and Suzuki Motor Corporation, Japan, is a leading manufacturer of thermal products for automotive applications in India. The company, in technical collaboration with DENSO Corporation, specializes in producing auto air conditioning systems and thermal products, including compressors, condensers, and heat exchangers, serving segments such as passenger vehicles, buses, trucks, refrigeration transport, and railways.
Average Trading Volume: 24,804
Technical Sentiment Signal: Buy
Current Market Cap: 57.68B INR
For an in-depth examination of SUBROS stock, go to TipRanks’ Overview page.