Indrayani Biotech delivers two boiler shell profile for T-Special train; Stock jumps 5%

2 Nov 2022 , 10:03 AM

Indrayani Biotech Limited has informed to the exchange regarding delivery of work order.

As per the filing, the Southern Railway has embarked on a journey to manufacture T-Special Trains (MEMU as steam locomotive) powered by steam engines.

Indrayani Biotech Limited (IBL) had acquired the capacity to design, manufacture and supply of Industrial boilers along with pressure parts and components complying with Indian Boilers Act – 1923 (IBA 1923), Indian Boiler Regulations – 1950 (IBR 1950) with all its amendments, under the brand “IBL MATRIX” through its joint venture partner Matrix Boilers Private Limited, Trichy.

Southern Railways has empanelled Indrayani Biotech Limited (IBL) for design, manufacture and supply of Industrial Boilers.

“The first set of two boiler shell profile for T-Special train (MEMU as steam locomotive) has been fabricated and delivered to Golden Rock Workshop on October  30, 2022 to be incorporated in the above, by Southern Railway in its EMU Car Shed, Avadi, Chennai”, the company said.

At around 10:07 AM, Indrayani Biotech Ltd is currently trading at Rs88.25 per share up by Rs4.2 or 5% from its previous closing of Rs84.05 per share on the BSE.

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