Texmaco Rail Secures Letter of Intent from Mangalore Coal Terminal for Electrical Equipment Project
Texmaco Rail & Engineering Limited has secured a Letter of Intent (LOI) valued at Rs. 4.71 crores from Mangalore Coal Terminal Private Limited. The LOI pertains to the design, supply, erection, testing, and commissioning of 25KV, 50Hz Overhead Electrical Equipment.The contract is categorized as domestic, with Texmaco Rail being involved in delivering specialized electrical infrastructure solutions for the coal terminal. This business development highlights Texmaco’s capacity in executing complex industrial projects within the relevant timeframe.
Key details of the order and its terms are summarized below:
| Detail | Information |
|---|---|
| Client Entity | Mangalore Coal Terminal Private Limited |
| Project Scope | Design, Supply, Erection, Testing & Commissioning of 25KV, 50Hz Over Head Electrical Equipment |
| Order Nature | Domestic Contract |
| Contract Value | Rs. 4.71 crores (including taxes) |
| Execution Timeline | Within 12 months from the effective commencement date |
The transaction is noted to be free of any related party concerns, as neither Texmaco Rail’s promoters nor its group companies hold any interest in Mangalore Coal Terminal Private Limited.
The project scope specifically includes all phases of work associated with the electrical equipment supply and commissioning.
TEXRAIL Stock Price Movement
On Thursday, shares of Texmaco Rail & Engineering Limited slipped by 0.31%, concluding trading at ₹110.00 after shedding ₹0.34 per share. The stock traded within a range of ₹109.12 and ₹112.78 during the session, with a total traded volume of 1.56 million shares recorded.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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