India's Concord Control Systems hits record high after Kavach order win

Concord Control Systems

16/09/2025 06:51

** Shares of Concord Control Systems CONL.BO rise as much as 4.31% to a record high of 2,722.95 rupees; stock last up ~2%

** Embedded electronic systems maker and approved vendor for Indian railways secures an order for Kavach 4.0 through its unit

** Order worth 194.5 million rupees ($2.21 million), and will enable the beginning of large-scale implementation opportunities in advanced railway safety

** With this order, CONL will become one of the few companies to have a fully developed Kavach system to supply to Indian railways

** "Order not just a validation of CONL's engineering capability, but could set the stage to scale Kavach development across Indian railways," says Nitin Jain, joint managing director of CONL

** CONL shares are up 57% in 2025 so far, outperforming the 4% rise in the BSE Capital Goods index .BSECG, exchange data shows

($1 = 88.0612 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))