Synopsis:
Concord Control Systems Ltd surged after unveiling India’s first fully indigenous zero-emission propulsion system. Powered by LFP batteries, the breakthrough replaces diesel idling with on-demand operation, boosting efficiency and eliminating emissions.
A railway technology stock backed by prominent investors Ashish Kacholia (1.21 percent stake) and Mukul Mahavir Agrawal (3.81 percent stake) advanced sharply after the company launched India’s first indigenous zero-emission propulsion system.
The breakthrough replaces diesel idling with on-demand battery power, driving efficiency, reducing costs, and eliminating emissions, while aligning with India’s 2030 railway electrification target.
Concord Control Systems Ltd, with a market capitalization of Rs. 1,504.55 crore, opened at Rs. 2,372.80 against the previous close of Rs. 2,273. The stock touched an intraday high of Rs. 2,435, marking a 7.1 percent rise from the previous close.
What’s the News?
Concord Control Systems has announced India’s first fully indigenous zero-emission propulsion system, designed and built entirely in India. The system, powered by Lithium Iron Phosphate (LFP) batteries with a DC chopper-based drive, eliminates idle fuel consumption and delivers higher efficiency.
Every key component including the chopper, Vehicle Control Unit, driver display, sensors, and controllers, has been developed indigenously by Concord, with only a few semiconductor devices sourced externally.
The propulsion, retrofitted on a 700 HP diesel-electric platform, delivers 800A peak current to traction motors while integrating modern safety features such as CCTV/DVR monitoring, driver-friendly displays, and a Remote Monitoring System for predictive maintenance. It introduces several technological firsts, including high-voltage battery integration with choppers, CAN-based VCUs, and fibreoptic EMI-immune signal transmission.
By reducing idle losses and enabling cost-efficient operations, this scalable solution provides a pathway to converting existing diesel-powered locomotives into sustainable platforms. The breakthrough positions Concord as a global pioneer in green railway technology and advances India’s net-zero and self-reliance goals.
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Management Commentary
Speaking on this milestone, Mr. Sadasivan V., Principal Executive Director, at Advanced Rail, said, “This propulsion system is proof that India can lead in next-generation rail technology. With this achievement, we have set a reference point that will guide the industry towards sustainable, cost-efficient, and self-reliant solutions.”
Commenting on the milestone, Mr. Nitin Jain, Joint Managing Director – Concord Control Systems Limited, said, “This development is a proud moment not only for Concord but for India’s innovation ecosystem as a whole. By delivering the country’s first 100% indigenous Zero Emission Propulsion System, we are advancing the twin goals of sustainable mobility and self-reliance, while supporting Indian Railways’ target of achieving 100% electrification by 2030.”
Financial Snapshot
On a sequential basis, revenue increased 50 percent to Rs. 75 crore in March 2025 from Rs. 50 crore in September 2024. Operating profit rose 7.1 percent to Rs. 15 crore from Rs. 14 crore, while profit before tax climbed 33.3 percent to Rs. 16 crore from Rs. 12 crore. Net profit advanced 75 percent to Rs. 14 crore compared to Rs. 8 crore in the previous period.
On a year-on-year basis, revenue more than doubled, rising 114.3 percent from Rs. 35 crore in March 2024 to Rs. 75 crore in March 2025. Operating profit surged 66.7 percent from Rs. 9 crore to Rs. 15 crore, while profit before tax also grew 77.8 percent from Rs. 9 crore to Rs. 16 crore. Net profit doubled to Rs. 14 crore compared to Rs. 7 crore in the same period last year.
About the Company
Concord Control Systems Ltd is India’s leading manufacturer of embedded electronics and critical electronic solutions for next-generation rail infrastructure. As an RDSO-approved OEM, it delivers advanced electrical and electronic systems to Indian Railways under the Gati Shakti initiative.
With state-of-the-art R&D, testing, and manufacturing facilities, the company adheres to global quality standards, zero-defect production practices, and environmentally responsible operations.
Written by – Manan Gangwar
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