Texmaco Rail & Engineering Limited Receives Order from West Central Railway
Texmaco Rail & Engineering Limited, an Adventz Group company, announced it has received an order from West Central Railway. The order, valued at Rs. 0.93 crore, is a developmental order for 38 Bogie frames designed for ICF coaches.The order is expected to be executed within 90 days from the date of issuance. The value of the order is Rs. 0.93 crore, excluding taxes.
According to company disclosures, neither the promoter group nor any group companies have any interest in West Central Railway. The order does not constitute a related party transaction.
| Sl. No | Particulars | Details |
|---|---|---|
| 1 | Name of the entity awarding the order(s)/contract(s) | West Central Railway |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded in brief | Developmental order for 38 nos. Bogie frame for ICF design coaches. |
| 3 | Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic |
| 4 | Nature of order(s) / contract(s) | Developmental order for 38 nos. Bogie frame for ICF design coaches. |
| 5 | Whether domestic or international | Domestic |
| 6 | Time period by which the order(s) / contract(s) is to be executed | Within 90 days from the order. |
| 7 | Broad consideration or size of the order(s)/contract(s) | Rs. 0.93 crores (excluding taxes) |
| 8 | Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/ contract(s)? If yes, nature of interest and details thereof | No |
| 9 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length' | No |
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