Texmaco Rail & Engineering Wins Southern Railway Order Worth Rs. 39.26 Crores
Texmaco Rail & Engineering Limited, a company of the An adventz group, has been awarded an order by Southern Railway for the Design, Supply, Erection, Testing, and Commissioning of 25kV Traction Over Head Equipment (OHE). The contract pertains to the proposed doubling of track between Thiruvananthapuram (Incl) and Eraniel (Exel) stations, and includes modifications to the existing OHE in the Thiruvananthapuram division of Southern Railway.The total consideration for the contract has been reported as Rs. 39.26 crores (excluding taxes).
According to the details provided regarding the contract award, the following key specifications were noted:
| Detail | Specification |
|---|---|
| Awarding Entity | Southern Railway |
| Nature of Work | Design, Supply, Erection, Testing and Commissioning of 25kV Traction Over Head Equipment (OHE) on the proposed doubling of track between Thiruvananthapuram (Incl) and Eraniel (Exel) stations including modification to the existing OHE in Thiruvananthapuram division of Southern Railway. |
| Contract Size | Rs. 39.26 crores (excluding taxes) |
| Awarding Nature | Domestic |
| Execution Timeline | The entire work is stipulated to be completed within 36 months from the date of issue of the Letter of Acceptance. |
The contract award is characterized as a domestic transaction. Furthermore, the company confirmed that the promoter or the promoter group does not have any interest in the entity that awarded the order. The order is also not classified as a related party transaction.
TEXRAIL Stock Price Movement
In today's trade, Texmaco Rail & Engineering Limited shares are currently trading at ₹89.56, reflecting a slight dip of -0.11%. The stock has traded between ₹90.25 and ₹86.35, amid high activity in the market.Source:
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