PRESS AND MEDIA RELEASE
Kanpur, January 06, 2024
FRONTIER SPRINGS LIMITED AWARDED & 52.20 CRORE ORDER FOR AIR
SPRINGS SUPPLY
Frontier Springs Limited, a leader in the manufacturing and supply of Coil Springs to
Indian Railways for more than 40 years, is thrilled to announce the **award of a significant **
**contract valued at approximately * 52.20 crores. This order, a milestone in the **
company’s history, involves the supply of 894 sets of air springs.
Commenting on the order win, Kapil Bhatia, Managing Director, said:
The **new plant set up of Air Springs in collaboration with Contitech Germany for which the **
trails were under way got If’s approval last month; received major orders of this scale
yesterday and it certainly paves the way for more in the future. Our team is fully prepared
and confident in delivering these air springs. We are optimistic and anticipate that orders
will keep coming our way. **We are scheduled to supply quantities on a monthly basis, **
aiming to complete the order by the end of this calendar year."
This order is a significant step in Frontier Springs Limited’s journey towards becoming a
prominent player in the supply of Air Springs to Indian railways. It strengthens our position in
the market as a reliable and quality-driven supplier.
1466dab2-598c-424c-9909-703bbdc25e4e.pdf (bseindia.com)
If you heard the concall, the mgt was reluctant to give details on Order wins and Order Book…i see this as another positive…this order is in addition to the mgt picture painted in the concall (20 cr for air spgs in CFY)…so would it be fair to assume they will certainly meet their guidance for the CFY and NFY?
Comments invited pl.
Disc- invested and biased.
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