Texmaco Rail Secures Rs 26.56 Crores Order from South Central Railway for Signalling Works
Texmaco Rail & Engineering Limited has received a Letter of Acceptance worth Rs 26.56 crores from South Central Railway. The contract pertains to Comprehensive Signalling and Telecommunication works for the provision of Automatic Block Signalling & Kavach Works.This new order helps bolster the outstanding order book of the company's Infra Rail & Green Energy division, which currently stands at Rs 1,159.94 Crores, inclusive of taxes.
Details regarding this contract awarded by the domestic entity are presented below:
| Particulars | Details |
|---|---|
| Name of awarding entity | South Central Railway |
| Nature of order | Comprehensive Signalling and Telecommunication works for provision of Automatic Block Signalling & Kavach Works |
| Order size | Rs 26.56 crores (including taxes) |
| Execution period | Within 12 months from the date of issue of Letter of Acceptance |
The awarding entity is classified as a domestic party. The order does not involve any related party transactions, and the promoter or promoter group has no interest in the railway entity that awarded the contract.
TEXRAIL Stock Price Movement
Today, Texmaco Rail & Engineering Limited shares edged higher to close at ₹112.50 after gaining 0.47%. The stock saw a volume of 3.69 million shares traded during the session.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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