Texmaco Rail & Engineering Secures Rs 28.58 Crores LOA from Vedanta Aluminium Metal
Texmaco Rail & Engineering Limited has received a Letter of Award (LOA) from Vedanta Aluminium Metal Limited for the supply of specialized rail and transportation equipment. The contract has been awarded by the domestic entity, Vedanta Aluminium Metal Limited, and holds a value of Rs 28.58 Crores, inclusive of taxes.The order involves the supply of 1 rake BTAP Alumina transportation wagon and 1 brake Van, designated as a Guard Vehicle. The transaction is classified as a domestic contract.
According to the details provided, the LOA specifies a delivery timeline of within 6 months from the date of the Notice to Proceed (NTP). Furthermore, the company confirmed that there are no existing interests from the promoter group in Vedanta Aluminium Metal Limited, nor is the contract considered a related party transaction.
The key details of the award are summarized below:
| Parameter | Details |
|---|---|
| Awarding Entity | Vedanta Aluminium Metal Limited |
| Contract Value | Rs 28.58 Crores (including taxes) |
| Nature of Supply | 1 rake BTAP Alumina transportation wagon and 1 brake Van (Guard Vehicle) |
| Origin of Order | Domestic |
| Execution Timeline | Within 6 months from date of NTP |
| Related Party Status | No |
TEXRAIL Stock Price Movement
On Friday, Texmaco Rail & Engineering Limited shares edged higher, gaining 0.14% to close at ₹108.21. The stock traded on a volume of 1.38 million shares, finding support near the day's low of ₹107.65, despite an opening above its previous close of ₹107.98.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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