Concord Control Systems Accelerates Indian Railways Modernization With Major Order Wins, Strategic Acquisitions, and Green Tech Innovations
Concord Control Systems Accelerates Indian Railways Modernization With Major Order Wins, Strategic Acquisitions, and Green Tech InnovationsNew Delhi, July 16, 2026: Concord Control Systems Limited has announced a major expansion of its operational pipeline, driven by multi-crore order wins from Indian Railways, strategic corporate acquisitions, and pioneering advancements in indigenous rail safety and green propulsion technologies. The company’s total execution pipeline has climbed to over ₹450 crore, reinforcing its position as a primary domestic original equipment manufacturer (OEM) for safety-critical railway electronics, Concord Control Systems said in a press release.
The engineering firm secured two massive contracts from Indian Railways for the supply, installation, and commissioning of safety-critical locomotive wireless control systems. The first is a ₹56.58 crore order, followed closely by a larger ₹139.32 crore project awarded through its subsidiary, Advanced Rail Controls, which is slated for execution over an 18-month period. These advanced systems are engineered to optimize real-time communication, coordination, and operational efficiency across the national rail carrier’s network. Furthermore, Concord secured a ₹19.45 crore field order through its associate company, Progota India Private Limited, for South Central Railway to implement Kavach 4.0, the indigenous Automatic Train Protection (ATP) system designed to prevent collisions and enforce strict signal compliance.
This technological momentum is backed by significant regulatory clearances and expanded corporate integration. Progota India recently secured Research Designs and Standards Organisation (RDSO) technical prototype clearance for Kavach 4.0, officially qualifying it as a developmental vendor for nationwide tenders. Recognizing the immense scalability of the national ATP program—which is slated for deployment across up to 15,000 locomotives and 70,000 track kilometers—Concord has increased its equity stake in Progota to 46.5%. Additionally, Concord announced the high-value acquisition of Fusion Electronics, India’s largest flexible printed circuit board (PCB) manufacturer, which holds an annual capacity of 200,000 square meters. The acquisition enables Concord to construct a full-stack electronic manufacturing services (EMS) platform, with plans to fully commercialize Fusion’s Lucknow facility by the end of 2025 before doubling its capacity over three years.
Financially, the company has demonstrated remarkable scalability, reporting an approximate 85% year-on-year growth in profit after tax (PAT) to ₹160.2 million for the first half of the 2026 financial year. Operational revenue climbed 64% to ₹815.5 million, while EBITDA rose 53% to ₹217.3 million, yielding an EPS of ₹25.41. To fund its aggressive technological expansion and capacity scaling, Concord approved a preferential equity share issue of up to 2.38 lakh shares, raising approximately ₹50.08 crore at ₹2,100 per share from prominent investors including Ashish Kacholia, the Sanshi Fund group, and the Sage One Flagship Growth Fund. Reflecting long-term balance sheet strength and management confidence, the board also approved a 3:5 bonus share issue, increasing its paid-up equity capital to approximately 1.01 crore shares.
On the sustainability front, Concord has successfully developed India’s first 100% indigenous, zero-emission battery-powered (LFP) propulsion system for diesel locomotive conversions. By replacing idling diesel engines with an entirely in-house designed network of choppers, control units, and sensors, the breakthrough solution directly supports Indian Railways’ mandated goals of net-zero emissions and 100% electrification by 2030. The company’s strategic roadmap continues to be driven by its leadership team, featuring Director Gaurav Lath, a Narsee Monjee Institute of Management Studies graduate with over two decades of strategic planning and business development experience, alongside Nitin Jain, a dedicated mechanical engineering alumnus from the Siddaganga Institute of Technology who focuses on manufacturing quality and technical innovation.
