Stone India announced that the company has bagged first export order for its proprietary brake system from Chinese freight car builder. The contract is valid for supply of the system for a period of one year. This opens up a major export market for the company.

Stone India is a multi-product engineering company located in Kolkata, has been serving the Indian rail road industry for over seven decades.

Shares of the company gained Rs 6.5, or 14.69%, to trade at Rs 50.75. The total volume of shares traded was 129,610 at the BSE (11.04 a.m., Tuesday).