Airfloa Rail Technology rises on forming joint venture with Big Bang Boom Solutions
Airfloa Rail Technology is currently trading at Rs. 381.35, up by 4.35 points or 1.15% from its previous closing of Rs. 377.00 on the BSE.
The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 384.00 and Rs. 378.70 respectively. So far 20000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 431.95 on 20-Oct-2025 and a 52 week low of Rs. 266.00 on 18-Sep-2025.
Last one week high and low of the scrip stood at Rs. 397.00 and Rs. 355.55 respectively. The current market cap of the company is Rs. 910.86 crore.
The promoters holding in the company stood at 54.20%, while Institutions and Non-Institutions held 12.11% and 33.69% respectively.
Airfloa Rail Technology has formed strategic Joint Venture (JV) with Big Bang Boom Solutions (BBBS), one of India’s most innovative defence technology companies specializing in Electronic Warfare, AI-based Autonomous Systems, and Material Science. This Joint Venture marks a significant step in Airfloa’s diversification into high-growth, high-value defence manufacturing, creating a powerful combination of Airfloa’s engineering and production strength with BBBS’s cutting-edge defence technology and intellectual property.
The JV positions both companies strongly within India’s growing defence manufacturing landscape by combining BBBS’s indigenous technologies with Airfloa’s established production capabilities. It enables faster industrialisation of defence products, strengthens export potential, and opens opportunities in high-growth areas such as UAVs, Electronic Warfare, and advanced materials. This partnership is expected to enhance long-term growth visibility, improve margins, and elevate Airfloa’s presence in the defence sector.
Airfloa Rail Technology is engaged in the manufacturing of components which are used in the rolling stock for the Indian Railways through railway production units like Integral Coach Factory (ICF), other coach factories.
