Texmaco Rail Secures Letter of Intent worth Rs 253.28 Crores from JSW Rail Logistics
Texmaco Rail & Engineering Limited has received a Letter of Intent from JSW (South) Rail Logistics Pvt Ltd, securing a contract valued at Rs 253.28 crores (including taxes). The order pertains to the Manufacture and Supply of BFNSM1 Rakes along with BVCM Wagons.The agreement involves Texmaco providing railway wagons to JSW (South) Rail Logistics Pvt Ltd. This business engagement is domestic in nature.
Key details regarding the contract awarded by JSW (South) Rail Logistics Pvt Ltd are as follows:
| Particulars | Details |
|---|---|
| Awarding Entity Name | JSW (South) Rail Logistics Pvt Ltd |
| Contract Nature | Manufacture and Supply of BFNSM1 Rakes along with BVCM Wagons |
| Order Size | Rs 253.28 crores (including taxes) |
| Order Timeline | Within 13.5 months from the effective or date of commencement of works |
| Transaction Status | Domestic entity |
The contract details confirm that the awarding party, JSW Rail Logistics Pvt Ltd, does not have any interest in Texmaco's promoter or promoter group companies. Furthermore, the order is not classified as a related party transaction.
TEXRAIL Stock Price Movement
On Friday, shares of Texmaco Rail & Engineering Limited edged higher to close at ₹109.29, gaining 0.39%. The stock traded with a volume of 1.6 million shares and settled within the day's range of ₹107.5 to ₹109.97.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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