Texmaco Rail Secures Order of Rs. 3.06 Crores from Modern Coach Factory
Texmaco Rail & Engineering Limited has been awarded a contract worth Rs. 3.06 crores for the supply of bogie frame assemblies. The order was placed by Modern Coach Factory, Raebareli, marking a significant domestic contract win for the company.The contract pertains to the supply of Bogie Frame Assembly for Non-AC Air Spring type LHB Fiat Bogie. The details of the order, including the scope of work and commercial terms, confirm that the awarding entity is domestic.
The total value of the order, excluding taxes, stands at Rs. 3.06 crores. The execution timeline stipulated for this contract is within 301 days from the date the order is issued.
Key details concerning the contract are presented below:
| Particulars | Details |
|---|---|
| Awarding Entity | Modern Coach Factory, Raebareli |
| Nature of Order | Supply of Bogie Frame Assembly for Non-AC Air Spring type LHB Fiat Bogie |
| Domestic/International | Domestic |
| Order Value | Rs. 3.06 crores (excluding taxes) |
| Execution Timeline | Within 301 days from order issue |
The transaction was noted as not falling under related party transactions, and the company confirmed that the promoter or the promoter group does not have any interest in the awarding entity. This confirmation reinforces the commercial nature of the contract.
TEXRAIL Stock Price Movement
On Friday, Texmaco Rail & Engineering Limited shares edged higher, closing at ₹106.01 after gaining 1.93% on the day. The stock climbed ₹2.00 from its previous close of ₹103.80, with trading volume reaching 2.97 million shares.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.