Airfloa Rail Technology Limited (BSE: AIRFLOA | 544516 | INE0XBS01012), a prominent supplier of railway rolling stock components and complete interior solutions, has received a domestic order worth ₹9.96 crore from the Furnishing Division of the Integral Coach Factory (ICF), Chennai. The contract involves the supply and on-site installation of interior panelling along with rubber flooring for 24 train sets of TC and MC coaches being developed for the Kolkata Metro network. The execution timeline for the project is approximately two months, highlighting the company’s ability to deliver time-bound solutions for metro rail projects.
This order further strengthens Airfloa Rail Technology’s growing footprint in the metro rail and urban transportation space. With the inclusion of this project, the company’s consolidated order book has now exceeded ₹465 crore, offering strong revenue visibility for the coming quarters. The company continues to benefit from increased government spending on railway upgrades, metro expansions, and urban mobility infrastructure across the country.
Airfloa’s growth momentum is supported by its integrated operating model that combines in-house design, manufacturing, and installation capabilities. This allows the company to execute complex projects efficiently while maintaining quality and cost control. The company remains well positioned to tap into opportunities arising from Indian Railways’ modernization initiatives and the expansion of metro rail systems in major cities.
Commenting on the development, Manikandan Dakshnamoorthy, Joint Managing Director of Airfloa Rail Technology Limited, said that the new contract reinforces the company’s strong execution track record in the metro segment. He added that a robust order book, coupled with continued investments in rail and urban transport infrastructure, provides confidence in achieving steady and sustainable growth through disciplined project execution.
Airfloa Rail Technology Limited has over 27 years of experience in manufacturing rolling stock components for Indian Railways and executing turnkey interior furnishing projects. The company operates two manufacturing facilities and serves major railway production units, including the Integral Coach Factory. Its project portfolio includes landmark assignments such as Vande Bharat Express, Vistadome coaches, Agra–Kanpur Metro, RRTS projects, and international exports including Sri Lankan DEMU and mainline coaches. The company also supplies precision components to the aerospace and defence sectors. In FY25, Airfloa reported revenue of ₹192.39 crore, EBITDA of ₹47.41 crore, and profit after tax of ₹25.55 crore. The company was listed on the BSE SME platform in September 2025.
