Clarification17 May 2025, 09:30 pm
Tube Investments of India Clarifies on Rs. 8000 Cr. Railway Contract Report
AI Summary
Tube Investments of India Ltd. has clarified a recent report in the mainstream media about signing a new railway contract of Rs. 8000 Cr. The company actually signed a contract for supply of train sets for a project with a business potential of about Rs. 1000 Cr. over a period of 7 years. This information was shared during the post earnings conference group call with the Analysts and Investors held on 16th May 2025. The audio recording and the transcript of the conference call are available on the company's website.
Key Highlights
- Company clarified a Rs. 8000 Cr. railway contract report
- Actually signed a contract for supply of train sets worth Rs. 1000 Cr.
- Contract to be executed over 7 years
- Information shared during the post earnings conference call
- Audio recording and transcript of the call available on the company's website