Texmaco Rail Bags Order of Rs. 27.82 Crores from Hindalco Industries
Texmaco Rail & Engineering Limited has announced that it has received a contract order from Hindalco Industries Limited. The order is valued at Rs. 27.82 crores and pertains to the supply of railway equipment.The contract specifies the supply of 1 BTAP rake and one Brake Van. The deal was awarded by a domestic entity, and the order value of Rs. 27.82 crores includes all applicable taxes.
The execution period for the order is set to be completed within 10 months from the date of the Purchase Order (PO). The company confirmed that the transaction does not fall under related party arrangements and that neither the promoter nor the promoter group has any interest in Hindalco Industries Limited.
Key details regarding the contract awarded by Hindalco Industries Limited are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity | Hindalco Industries Limited |
| Nature of Order | Supply of 1 BTAP rake and one Brake Van |
| Order Value (including taxes) | Rs. 27.82 crores |
| Order Type | Domestic |
| Execution Timeline | Within 10 months from the date of PO |
| Transaction Status | Not a related party transaction |
TEXRAIL Stock Price Movement
Shares of Texmaco Rail & Engineering Limited on Friday slipped by 0.45%, settling at ₹114.97. The stock traded on significant volume, representing 2.32 million shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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