Subros scales 52-week high on winning 25-crore order from IRCTC

Subros’s new order from the Indian Railways is for the supply and commissioning of coach roof mounted air-conditioners amounting to Rs 25 crore, the company said in its release. The company’s stock price touched a 52-week high of Rs 530.

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Subros share price gained 13 percent to touch a 52-week high of Rs 530 in early trade on December 11 after the company bagged new orders from IRCTC. “…. has bagged a new order from Indian Railways for supply and commissioning of coach roof mounted air-conditioners amounting to Rs 25 crore,” the company said in its release.

At 10:08 hrs, Subros was quoting at Rs 503.00, up Rs 52.30, or 11.60 percent on the BSE.

In the quarter ended September 2023, the company had posted a 175-percent jump in profit at Rs 26.76 crore.

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Subros is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with DENSO Corporation, Japan. The company is the only integrated manufacturing unit in India for Auto Air Conditioning systems and Thermal Products.

The company manufactures compressors condensers, heat exchangers, and all connecting elements required to complete AC loop and caters to all segments viz. Passenger Vehicles, Buses, Trucks, Refrigeration Transport and Railways.