Oct 31: In continuation with its business expansion in providing air conditioning solutions for driver cabin of Indian Railways, Delhi-based Subros Ltd has bagged a new order worth Rs 10 crore from Indian Railways. According to the company, the order will be executed within the current financial year.
Further, the company has been shortlisted by two major Tier 1 suppliers of Indian Railways, Bombardier India and Medha Servo Drives Pvt Ltd.
“They have engaged with Subros for future projects with Integral Coach Factory (ICF), Chennai. As part of this engagement, both the companies have awarded trial orders to Subros. With this, we expect exceptional business growth in this segment,” Subros said.
Incorporated in 1985, Subros Ltd provides thermal products for automotive applications in India, in technical collaboration with Denso. The company manufactures compressors, condensers, heat exchangers and all connecting elements required to complete AC loop and caters to all segments, namely passenger vehicles, buses, trucks, refrigeration transport, off- roaders and railways. Subros has manufacturing plants at Noida, Manesar, Pune and Sanand.
Shares of the company were trading at Rs 276, up 1.40% from the previous closing of Rs 272.20, on BSE at 12.41 pm today.