LOA received for Rs. 34.85 crore order from Integral Coach Factory with Blue Engineering, Italy

Airfloa Rail Technology received a Letter of Acceptance (LOA) for a new order of Rs. 34.85 Crores from Integral Coach Factory, Chennai, under a consortium with BLUE Engineering, Italy.

Mon 12 Oct 2026

Order Value

Rs. 34.85 Crores

Completion Timeline

within 12 months from the date of issue of the LOA

Scope of Work

Interior Design of Vande Bharat Sleeper Trainset - 1 Set and Mock-up Development - 1 set

Airfloa Rail Technology Limited has informed the exchanges that it has received a Letter of Acceptance (LOA) for a new order on 12.10.2026.

What was received

• The LOA is for a new order of Rs. 34.85 Crores (total value).
• It was received from ICF-HQ-Mechanical, Office of the CDE/Mech, Integral Coach Factory, Chennai, a domestic entity.
• The order is under a consortium with BLUE Engineering, Italy, and Airfloa Rail Technology Limited is the Lead Member of the consortium.

Scope of the work

• Interior Design of Vande Bharat Sleeper Trainset – 1 Set
• Mock-up Development – 1 set
• The entire work is to be completed within 12 months from the date of issue of the LOA.

What the disclosure also states

• The LOA has been awarded by a domestic entity and the order is domestic.
• Neither the promoter, the promoter group nor group companies have any interest in the entity that awarded the order.
• The order does not fall within related party transactions.
• There was no delay in reporting the LOA.

How a retail investor can read this

A Letter of Acceptance is the stage at which the company is accepted as the party to execute the work, and the value of the order to the consortium is stated as Rs. 34.85 Crores. The disclosure gives a completion timeline of 12 months from the date of issue of the LOA, which sets the period over which the work is to be carried out.

The order is being taken up as a consortium with an overseas partner, with Airfloa Rail Technology Limited named as the Lead Member. The scope listed is interior design of a Vande Bharat Sleeper Trainset and mock-up development.

This is an order win disclosure, so the immediate takeaway for investors is the size of the order and the execution period stated in the update. How it translates into revenue and earnings over time would depend on execution during the stated 12-month period.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.