Dhara Rail Projects Limited wins ₹4.94 crore maintenance contract
Dhara Rail Projects Limited – NSE: DHARARAIL
Introduction
Dhara Rail Projects Limited (scrip symbol DHARARAIL) has filed a Regulation 30 disclosure with the National Stock Exchange (NSE) on 19 June 2026, notifying the receipt of a secured work order valued at ₹ 4,93,91,029.01 (including GST).
Key Highlights
Order Details
- Client: Sr. Divisional Electrical Engineer, Central Railway, Electric Loco Shed‑Ajni, Nagpur (domestic government entity).
- Scope: Outsourcing of maintenance activities for a 12,000 HP Government Maintenance Depot (GMD) at Ajni, Nagpur.
- Contract Duration: 24 months (2 years).
- Contract Value: ₹ 4,93,91,029.01 (approximately ₹ 4.94 crore, inclusive of GST).
Regulatory Compliance
- The disclosure complies with Regulation 30(4) of the SEBI Listing Regulations, 2015 and the related SEBI circular SEBI/HO/CFD/CFD‑Pod‑1/P/CIR/2023/123 dated 13 July 2023.
- The order does not involve any promoter or related‑party interest, and therefore no related‑party transaction considerations apply.
Management Sign‑off
- The filing is signed digitally by Mr. Tejas Lalit Mehta, Managing Director (DIN 02783675) on 19 June 2026.
Annexure A – Summary of Contractual Information
| # | Particulars | Details |
|---|---|---|
| 1 | Entity awarding the order | Sr. Divisional Electrical Engineer, Central Railway, Electric Loco Shed‑Ajni, Nagpur |
| 2 | Domestic/International | Domestic |
| 3 | Core terms | Maintenance outsourcing for 12,000 HP GMD, Ajni, Nagpur (2 years) |
| 4 | Time period | 24 months |
| 5 | Commercial size | ₹ 4,93,91,029.01 (incl. GST) |
| 6 | Promoter interest | No |
| 7 | Related‑party transaction | Not applicable |
Investor Takeaway
- The secured order adds approximately ₹ 5 crore of revenue potential over the next two years, enhancing the company’s order book.
- The transaction is fully compliant with SEBI disclosure requirements and involves no related‑party concerns.
- No additional financial guidance or risk disclosures were provided in this filing.
Investors should monitor subsequent updates for any impact on Dhara Rail Projects Limited’s earnings and cash‑flow profile.
Dhara Rail's new 2-year maintenance contract adds about ₹5 cr of recurring revenue, likely nudging the share price higher in the near term. The boost should be modest and may fade as the contract is absorbed into the order book.
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Forecast from comparable, historic events. Not investment advice.
Original Source Document
View the original exchange filing or announcement.
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