Texmaco Rail Secures Rs. 36.00 Crores Order for Auto Signalling Replacement from Eastern Railway
Texmaco Rail & Engineering Ltd, an adventz group company, has been awarded a contract worth Rs. 36.00 crores (excluding taxes) by the Eastern Railway. The order pertains to the vital modernization and replacement of auto signalling systems using Multi Section Digital Axle Counter (MSDAC) technology.The domestic contract, secured from the Eastern Railway, focuses on the replacement of Auto Signalling by incorporating the Multi Section Digital Axle Counter (MSDAC) system.
According to the details provided regarding the order, the total consideration for the scope of work is set at Rs. 36.00 crores, excluding applicable taxes. The contract is classified as a domestic order, with the awarding entity being the Eastern Railway.
The contract mandates completion within a specified timeline, set at 24 months from the date of the issue of the Letter of Acceptance.
Key details of the awarded order include:
| Parameter | Detail |
|---|---|
| Awarding Entity | Eastern Railway |
| Order Nature | Replacement of Auto Signalling by using Multi Section Digital Axle Counter (MSDAC) |
| Contract Value | Rs. 36.00 crores (excluding taxes) |
| Origin | Domestic |
| Execution Timeline | Within 24 months from the date of issue of Letter of Acceptance |
The company confirmed that there is no interest of the promoter or the promoter group in the entity that awarded the order, and the contract does not fall within the definition of related party transactions.
TEXRAIL Stock Price Movement
Today, Texmaco Rail & Engineering Limited shares slipped by 1.23% to settle at ₹105.94. The equity saw considerable activity, trading today on a volume of 1.35 million shares.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.