New Delhi, 24 November (Udaipur Kiran): Airfloa Rail Technology traded higher on Monday after the company announced a strategic joint venture (JV) with defence technology firm Big Bang Boom Solutions (BBBS). The stock was quoted at Rs 381.35 on the BSE, up 1.15 percent from its previous close of Rs 377.00.
The scrip opened at Rs 380.00 and moved between an intraday high of Rs 384.00 and a low of Rs 378.70. Around 20,000 shares changed hands during the session. A BSE group ‘M’ stock with a face value of Rs 10, Airfloa has recorded a 52-week high of Rs 431.95 on October 20, 2025, and a 52-week low of Rs 266.00 on September 18, 2025. Over the past week, it traded between Rs 397.00 and Rs 355.55. The company’s current market capitalisation stands at Rs 910.86 crore.
Promoters hold 54.20 percent of the company, while institutional and non-institutional investors hold 12.11 percent and 33.69 percent respectively.
Airfloa Rail Technology said its new JV with BBBS marks a major step in its diversification into the high-value defence manufacturing space. BBBS is known for its work in electronic warfare, AI-based autonomous systems and advanced material science. The partnership combines Airfloa’s engineering and production capabilities with BBBS’s defence technologies and intellectual property.
The JV aims to accelerate the industrialisation of indigenous defence products, strengthen export prospects and open opportunities in sectors such as UAVs, electronic warfare and advanced materials. The collaboration is expected to support long-term growth, improve margins and enhance Airfloa’s presence in India’s expanding defence ecosystem.
Airfloa Rail Technology manufactures components used in rolling stock for Indian Railways, supplying to production units such as the Integral Coach Factory and other railway coach factories.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
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