Ashish Kacholia stock jumps 3% after securing ₹181 Cr KAVACH Order

SYNOPSIS: One of the 5 approved firms to build and implement the KAVACH system for Indian Railways received an order worth Rs. 181.56 crore from Banaras Locomotive Works for supplying and commissioning 223 onboard KAVACH Version-4 systems within 12 months.

During Wednesday’s trading session, shares of a company involved in manufacturing specialty cables and developing train control & signalling systems surged nearly 3 percent on the BSE, after securing an order worth more than Rs. 180 crores from Banaras Locomotive Works (BLW).

With a market cap of Rs. 1,237.4 crores, shares of Quadrant Future Tek Limited were trading at Rs. 309.35 on BSE, compared to its previous closing price of Rs. 312. The stock has delivered negative returns of over 39 percent in one year, but has gained by nearly 1 percent in the last one month.

News

As per its latest regulatory filing, Quadrant Future Tek Limited has received an offer from Banaras Locomotive Works (BLW), for the supply, installation, testing and commissioning of 223 onboard KAVACH Equipment (Version 4), in line with the Research Designs and Standards Organisation (RDSO) specifications. The contract, valued at around Rs. 181.56 crore, is scheduled to be executed within 12 months from the date of purchase order.

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 ace investor Ashish Kacholia, through his investment firm Bengal Finance and Investment Pvt Ltd, holds a 1.55 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.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Ashish Kacholia stock jumps 3% after securing ₹181 Cr KAVACH Order appeared first on Trade Brains.