Subros Limited has strengthened its position in the railway air-conditioning space after securing a new 3-year contract from Indian Railways worth about ₹52.18 crore.
The agreement expands the company’s responsibilities in maintaining HVAC units used in locomotive cabins.
Indian Railways has placed a Comprehensive Annual Maintenance Contract for Cab HVAC Units with Subros following a recently concluded tender. The order includes ₹44.22 crore plus ₹7.96 crore in GST, taking the total value to approximately ₹52.18 crore.
The contract was placed by Banaras Locomotive Works, Varanasi, and will run for a period of 3 years. The company confirmed that the transaction has no promoter or related party involvement.
Subros has long supplied driver cabin and coach air-conditioning systems to Indian Railways, and this order further strengthens its presence in the segment.
With this latest win, Subros’ railway business order intake for the current financial year has reached roughly ₹86.35 crore, covering both supply-based and maintenance-based contracts.
The new project boosts the company’s service capabilities alongside its established product offerings.
Founded in 1985 as a joint venture between the Suri family, DENSO Corporation and Suzuki Motor Corporation, Subros is a leading manufacturer of automotive thermal products in India.
It operates the country’s only integrated facility for automotive AC systems, producing compressors, condensers, heat exchangers and other essential components. Its portfolio spans passenger vehicles, trucks, buses, railways and refrigerated transport, with a growing emphasis on service-oriented opportunities.
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As of December 4, 2025, at 1:00 PM, Subros Limited share price is trading at ₹878.85 per share, reflecting a gain of 0.21% from the previous closing price. Over the past month, the stock has declined by 15.67%.
The latest ₹52.18 crore contract underscores Subros’ expanding role in the rail HVAC market and contributes significantly to its annual order pipeline. With both supply and maintenance responsibilities increasing, the company continues to strengthen its footprint in India’s transportation ecosystem.
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Published on: Dec 4, 2025, 1:48 PM IST
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