Indo-National's subsidiary, Kineco, secures a substantial ₹113 crore order, propelling the company into a new phase of growth and market leadership. The order for Vande Bharat train interiors underscores Kineco's expertise and commitment to India's railway modernization.
Mumbai, May 8, 2025 – Indo-National is experiencing a surge in market optimism following its subsidiary Kineco's successful acquisition of a ₹113 crore order from Integral Coach Factory (ICF), Chennai, marking a significant step forward for the company. This prestigious order is for the supply and installation of modular interiors for the Vande Bharat semi-high-speed trains, formerly known as Train 18, a project of national importance. Kineco's railway division, leveraging over fifteen years of experience supplying composite products to Indian Railways, is poised to significantly enhance its position as a leading technology provider.
The securing of this order has already had a palpable positive impact, with shares of Indo-National experiencing an impressive surge on the Bombay Stock Exchange (BSE). The stock price reached an upper circuit, reflecting investor confidence in Kineco's ability to deliver on this substantial project and contribute to the modernization of India's railway infrastructure. This achievement underscores Kineco's growing capabilities in 'Design to Build' turnkey railway interior projects, positioning it as one of the few qualified players in India for such comprehensive undertakings.
According to a company spokesperson, "These orders, coupled with our already strong order book, will catapult Kineco to become one of India’s largest train interior suppliers." Kineco's railway product portfolio encompasses a wide array of offerings, including rail coach interiors, toilet modules, aerodynamic front ends, driver cab interiors, and hard seating systems. The company's ongoing commitment to innovation and quality positions it well to capitalize on future opportunities within the railway sector.
Furthermore, Indo-National is proactively addressing market dynamics by implementing cost-saving initiatives and expanding its distribution channels for non-battery businesses. These strategic moves are designed to mitigate increasing import costs and bolster profitability, ensuring sustainable growth in the long term. As Indo-National continues to reinforce its position in the battery market and accelerate the growth of its non-battery categories, the company remains committed to delivering value to its stakeholders and contributing to India's economic progress.
