The company will supply 360 kits to Indian Railways’ Diesel Locomotive Works (DLW), Varanasi. Company hits 1-year high on order win from Indian Railways at BSE
NEW DELHI: Subros Ltd, which supplies cab mounted HVAC units to railways for driver cabin applications, has received an order to supply 360 AC kits from Indian Railways’ Diesel Locomotive Works (DLW), Varanasi.
“The company has received a major order of 360 kits from Indian Railways – DLW, Varanasi. The company has made efforts for development of products to meet the requirements of DLW & CLW (Chittaranjan Locomotive Works) and expects continued business from Indian Railways in future also,” said Subros in a BSE statement.
The Diesel Locomotive Works in Varanasi manufactures diesel-electric locomotives and its spare parts. On the other hand, Chittaranjan Locomotive Works (CLW), located at Asansol (West Bengal), manufactures electric locomotives.
Subros Ltd – a joint venture between Suri family (40 percent), Denso Corporation (13 percent) and Suzuki Motor Corporation (13 percent) – supplies air conditioning systems and thermal products to automotive industry in India. The company manufactures compressors, condensers, heat exchangers and all connecting elements required to complete AC loop and caters to segments such as passenger vehicles, buses, trucks, refrigeration transport, off- roaders & railways.
Share price of Subros touched 52-week high of Rs 194.95, surges 6.3 percent intraday Friday on bagging major order from Indian Railways.
“The company has made efforts for development of product to meet DLW’s and CLW’s requirements and expects continued business from Indian Railways in future also,” it added.
The company’s standalone Q3 (Oct-Dec) net profit declined 45.59 percent at Rs 3.27 crore against net profit of Rs 6.01 crore in the same period last fiscal.
Subros is a leading manufacturer of automotive air conditioning systems and thermal products for automotive applications in India. The company has also been supplying cab mounted HVAC units to Indian Railways for driver cabin application. It has manufacturing plants at Noida, Manesar, Pune, Chennai and Sanand with an annual capacity of 1.5 million AC kits per annum.
At 10:36 hrs Subros was quoting at Rs 189.60, up Rs 6.60, or 3.61 percent on the BSE.