Airfloa Rail Secures ₹34.85 Crore Vande Bharat Contract; Shares Fall

Mumbai, October 13: Airfloa Rail Technology Limited has secured a ₹34.85 crore contract from Integral Coach Factory (ICF), Chennai, as the lead member of a consortium with Italy-based BLUE Engineering S.r.l. for interior design of the Vande Bharat sleeper trainset.

The contract includes interior design work and associated development activities, expanding the company’s involvement in specialised railway engineering projects.

According to the company’s press release, the consortium will undertake the interior design of the Vande Bharat sleeper trainset. The total contract value of ₹34.85 crore, inclusive of GST, comprises ₹30.93 crore for interior design and ₹3.93 crore for associated development work.

Airfloa Rail is the lead member of the consortium, with BLUE Engineering S.r.l. participating as its Italy-based partner. The company said the contract strengthens its presence in India’s railway sector and adds to its work in specialised train interiors.

The project is scheduled for completion within 12 months from the date of issuance of the Letter of Acceptance. The disclosure identifies ICF, Chennai, as the awarding entity.

Stock Market Snapshot

The Airfloa Rail share price stood at ₹555.00 as of 10:15 AM IST on October 13, 2026, according to the market data.

The stock was trading lower at the time, after moving above ₹565 earlier in the session before retreating towards ₹555. The available market snapshot does not provide a previous closing price, so the percentage change cannot be confirmed from the supplied data.

The contract announcement places the company’s railway engineering capabilities in focus, particularly its work on interior design and associated development for a specialised passenger train project.

Contract Expands Airfloa’s Railway Engineering Work

Airfloa Rail manufactures rolling stock components for Indian Railways and undertakes interior furnishing projects, alongside supplying precision components to the aerospace and defence sectors. Its operations include engineering, design, tooling, finishing, material development and assembly.

The company has previously worked on railway-related projects involving the Sri Lankan DEMU and Mainline Export Coaches, Agra-Kanpur Metro, Regional Rapid Transit System (RRTS), Vistadome coaches and Vande Bharat Express. The latest contract adds a further assignment in the Vande Bharat programme, this time focused on the sleeper trainset’s interior design.

The company said the consortium arrangement will help extend its role into design and engineering work, complementing its existing manufacturing and furnishing capabilities.

Conclusion

The ₹34.85 crore contract gives Airfloa Rail and its consortium partner a defined role in the interior design and associated development of the Vande Bharat sleeper trainset. With completion scheduled within 12 months of the Letter of Acceptance, execution will be the next key stage of the project.

Airfloa Rail shares were quoted at ₹555.00 as of 10:15 AM IST on October 13, 2026. A percentage decline has not been stated because the previous close was not included in the supplied market data.

Source:

• https://www.bseindia.com/stock-share-price/airfloa-rail-technology-ltd/airfloa/544516
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/a85a9a60-dfed-4818-ba0c-b5d74a5339a8.pdf