Ashish Kacholia stock jumps 5% after securing order from Indian Railways and NTPC

Synopsis: The shares of this company hit an upper circuit after the company received an order worth Rs 13.22 crore from the Indian Railways, following its Rs 47 crore order from NTPC Limited.

The shares of this company, which is engaged in the core business of designing, manufacturing, and supplying specialized electrical and electronic products for railway coaches and electrification, gained after multiple orders.

As of October 2025, ace investors Mukul Mahavir Agrawal and Ashish Kacholia held stakes of 5.47 percent and 1.21 percent respectively in the company, with their combined shareholding amounting to 6.76 lakh shares.

With a market capitalisation of Rs 2,578 crore, Concord Control Systems Ltd’s shares on Monday made a day high of Rs 2,548 per share, hitting the 5 percent upper circuit from its previous day’s close price of Rs 2,427 per share. The share has given a return of 2,808 percent over the last five years.

Multiple orders

Propulsion system order: Concord Control Systems Limited, through its wholly owned subsidiary Advanced Rail Controls Pvt. Ltd., has secured a significant order worth Rs 13.22 Crores from Indian Railways. The contract is to be executed within a time frame of one year, underscoring the company’s growing presence in the railway technology sector.

The order involves the manufacturing, supply, and commissioning of IGBT-based complete propulsion systems for locomotives. This project highlights Concord’s technical expertise in advanced propulsion engineering and its ability to deliver complex, high-value solutions for India’s railway infrastructure.

Supply Order: Additionally, Concord Control Systems Limited, through its wholly owned subsidiary Advanced Rail Controls Private Limited, has received an order worth approximately Rs 47 crores from NTPC Limited. The contract pertains to the supply of equipment for a 3100 HP Green Hydrogen Hybrid Locomotive, with execution scheduled within 18 months

The order involves the complete supply of plant and equipment for a retrofitted Green Hydrogen Fuel Cell Locomotive to be operated at NTPC’s SIPAT facility. It is a domestic contract, awarded by NTPC Limited, and does not fall under related party transactions.

Incorporated in 2011, Concord Control Systems Ltd is a Lucknow-based Indian manufacturer and supplier of critical electrical and electronic components for Indian Railways, established in 2011, holding RDSO approval and ISO certification, known for quality products like emergency lighting, fans, and couplers, and evolving from a product supplier to a comprehensive rail solutions provider, with a focus on advancing rail technology and infrastructure.

Financial Highlights: The revenue from operations grew by 64 percent to Rs 82 crore in H1 FY26, corresponding to the same first half in the last financial year. Accompanied by a net profit growth of  100 percent to Rs 16 crore, resulting in an EPS of Rs 15.86 per share in H1 FY26.

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