Dhara Rail Projects Wins ₹1.32 Crore Order From Ministry Of Railways

Mumbai, May 20: Dhara Rail Projects has secured a railway maintenance contract worth ₹1.32 crore from the Ministry of Railways for miscellaneous non-core work in non-AC coaches at CRW Mancheswar, according to an exchange filing.

The company said the order was awarded by the Deputy Chief Electrical Engineer at the Carriage Repair Workshop (CRW), Mancheswar, Bhubaneswar, Odisha.

The scope of work includes miscellaneous non-core activities linked to non-AC railway coaches. The contract carries a total value of ₹1,32,16,845.63, including GST.

Dhara Rail added that the project is scheduled to be executed over a period of 24 months.

The company also clarified that neither promoters nor promoter group entities have any interest in the awarding authority and that the transaction does not fall under related party transactions as defined under SEBI regulations.

The latest order adds to the company’s railway maintenance and support services portfolio at a time when Indian Railways continues to focus on coach refurbishment, operational upgrades and maintenance outsourcing across workshop facilities.

Stock Market Snapshot

Dhara Rail Projects Ltd share price saw limited movement following the order announcement.

As of around 10:30 a.m. IST on May 20, 2026, the stock was trading near ₹118.90 on the National Stock Exchange, according to market data.

The muted movement suggested investors were evaluating the contract size and its likely contribution to the company’s broader execution pipeline.

Company Focused On Railway Infrastructure And Maintenance

Dhara Rail Projects Ltd operates in the railway infrastructure and maintenance services segment, undertaking assignments related to railway electrical systems, coach maintenance and infrastructure support activities.

The company primarily works with railway authorities and government-linked entities involved in railway operations and maintenance projects across India.

Maintenance contracts typically provide medium-term execution visibility and recurring operational work within the railway ecosystem.

Conclusion

The ₹1.32 crore contract strengthens Dhara Rail Projects’ order book in railway maintenance services and expands its engagement with Indian Railways workshop operations.

While the stock remained largely steady after the announcement, investors are likely to track execution progress and additional railway order inflows over the coming quarters.

Source:

• https://www.nseindia.com/get-quote/equity/DHARARAIL/Dhara-Rail-Projects-Limited
• https://nsearchives.nseindia.com/corporate/DHARA_19052026165625_Regulation-30_final_s.pdf