Mumbai, Sept. 30 -- The contract involves the manufacturing and supply of 72 sets of seats and berths for LWSCN coaches. The total order value stands at Rs 4,43,49,120 and the project is scheduled for execution by 5 June 2026.

As per the contract terms, 95% of the payment will be made against the inspection certificate issued by the nominated inspection agency and proof of dispatch or delivery of materials to the consignee. The remaining 5% will be released after final receipt, inspection, and acceptance of goods by the consignee.

The company also confirmed that neither its promoters nor promoter group entities have any interest in the awarding authority. Additionally, it clarified that the transaction does not fall under the category o...