Tube Investments Clarifies ₹10 Billion Railway Contract, Not ₹80 Billion

Tube Investments of India Ltd clarified today that it has signed a contract to supply train sets worth about ₹10 billion over seven years, not ₹80 billion as some media reported.

The company issued the statement following news reports that mistakenly said the new railway contract was valued at ₹80 billion after a post-earnings conference call.