Texmaco Rail & Engineering Secures Order Worth Rs. 23.57 Crores from Hindalco Industries Limited
Texmaco Rail & Engineering Ltd, an adventz group company, has received an order from Hindalco Industries Limited for the supply of railway components. The awarded order is valued at Rs. 23.57 crores.The transaction details confirm that Hindalco Industries Limited awarded the contract for the Supply of One BTAP Rake and One Break Van.
The details regarding this railway contract are as follows:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | Hindalco Industries Limited |
| Significant terms and conditions of order(s)/contract(s) awarded in brief | Supply of One BTAP Rake and One Break Van. |
| Nature of order(s) / contract(s) | Supply of One BTAP Rake and One Break Van. |
| Domestic/International Entity | Domestic |
| Broad consideration or size of the order(s)/contract(s) | Rs. 23.57 crores (excluding taxes) |
| Execution Timeline | Order will be executed within 5 months from the date of the PO. |
The transaction is noted as being with a domestic entity, and the nature of the order pertains to the supply of railway rolling stock. Furthermore, the company confirmed that neither the promoter nor the promoter group has any interest in Hindalco Industries Limited, and the order does not fall within the category of related party transactions.
TEXRAIL Stock Price Movement
On Friday, Texmaco Rail & Engineering Limited shares edged higher to close at ₹98.58, gaining 1.67% on the session. The stock traded with a total volume of 1.49 million shares, closing well above its prior day's levels.Source:
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