Dhara Rail Projects Limited Secures Railway Maintenance Contract; Shares Gain

Mumbai, May 8: Dhara Rail Projects Limited informed stock exchanges that it has secured a work order worth ₹3,90,37,364.10, including GST, from the Howrah Division of Eastern Railway for maintenance services related to tower wagons.

According to the regulatory filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the contract was awarded by the Electrical Office of the Senior Divisional Electrical Engineer, TRD, Eastern Railway, Howrah, West Bengal.

The scope of work involves comprehensive maintenance of 10 eight-wheeler tower wagons for a period of two years within the Howrah Division of Eastern Railway.

The company said the execution timeline for the contract is 24 months.

Dhara Rail Projects also clarified that the order has been classified as a domestic contract and does not involve related party transactions. The company added that promoters and promoter group entities do not have any interest in the awarding authority.

Tower wagons are critical maintenance vehicles used in railway traction and overhead electrification systems, making such contracts an important part of railway infrastructure upkeep and operational continuity.

Stock Market Snapshot

Dhara Rail Projects share price remained firm following the order announcement.

The stock traded around ₹131.50 during the morning session on May 10, compared with the previous close near ₹129, according to exchange data.

As of 11:00 a.m. IST, the stock was trading marginally higher during the session.

Company Focuses On Railway Engineering And Maintenance

Dhara Rail Projects Limited operates in the railway engineering and infrastructure segment with activities spanning railway electrification, signalling, operation support and maintenance services.

The company undertakes engineering and maintenance assignments for government and institutional clients across railway and allied infrastructure projects.

Railway maintenance contracts typically provide recurring execution visibility and stable operational revenue over the tenure of the agreement.

According to the filing, the latest contract specifically relates to tower wagons used in traction and overhead equipment maintenance operations within the railway network.

Conclusion

The ₹3.90 crore Eastern Railway contract strengthens Dhara Rail Projects’ maintenance order book and adds medium-term execution visibility over the next two years.

Source:

• https://www.nseindia.com/get-quote/equity/DHARARAIL/Dhara-Rail-Projects-Limited
• https://nsearchives.nseindia.com/corporate/DHARA_07052026115312_Regulation-30_file.pdf