Texmaco Rail & Engineering Secures Odisha Power Transmission Corporation Contract Valued at 11.65 Crores
Texmaco Rail & Engineering Limited has been awarded two orders by the state-owned Odisha Power Transmission Corporation Limited (OPTCL). The contracts pertain to essential infrastructure work and are valued at a total of Rs. 11.65 crores, encompassing all taxes.The contract award covers the comprehensive scope of engineering, supply installation, testing, and commissioning works required for the Construction of the 2nd Circuit SC line on DC tower, which is structured as a Turnkey Contract basis.
This business development highlights Texmaco's engagement with domestic utility providers in infrastructure projects. The orders have been awarded by a domestic entity, Odisha Power Transmission Corporation Limited.
Key details regarding the contract award are summarized below:
| Parameter | Details |
|---|---|
| Entity Awarding Order | Odisha Power Transmission Corporation Limited |
| Total Value of Orders | Rs. 11.65 crores (including taxes) |
| Scope of Work | Engineering, Supply Installation, Testing and Commissioning for Construction of 2nd Circuit SC line on DC tower (Turnkey Contract basis) |
| Nature of Entity | Domestic |
| Execution Timeline | Within 12 months from the date of Letter(s) of Award |
The contracts confirmed that neither Texmaco nor its promoter group has any interest in Odisha Power Transmission Corporation Limited. Furthermore, the orders fall outside the category of related party transactions.
TEXRAIL Stock Price Movement
On Friday, Texmaco Rail & Engineering Limited shares edged higher by 0.39% to close at ₹109.29, driven by positive market sentiment in the capital goods sector. The stock handled a traded volume of approximately 1.6 million shares during 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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