Regulatory Disclosure Details
Contract Details
Contracting Entity: Integral Coach Factory (ICF), Chennai, Indian Railways
Contract Value: ₹1,62,48,600.00 (Rupees One Crore Sixty-Two Lakh Forty-Eight Thousand Six Hundred only)
Nature of Contract: Manufacturing, supply and installation of 15 sets of "one coach set of seats for Second AC Chair Car Coaches"
Execution Deadline: September 30, 2026
Entity Classification: Domestic entity
Payment Terms
The significant terms and conditions specify:
- 80% of the supply portion payment upon proof of inspection certificate and Provisional Physical Receipt Certificate
- Balance 20% of supply portion plus 100% installation charges payable after receipt and acceptance of stores by consignee based on installation certificate issued by competent authority
Related Party Considerations
The company specifically disclosed that:
- Promoter/promoter group/group companies have NO interest in the entity that awarded the contract
- The order does NOT fall within related party transactions