<h1>Texmaco Rail Secures Rs 5.49 Crore Order from Northern Railway</h1>
Texmaco Rail & Engineering Ltd has received a Letter of Acceptance from the Northern Railway for providing monkey anti-climbing devices over Moradabad Division. The contract value stands at Rs 5.49 crores, including taxes.
The order was awarded by the domestic entity, Northern Railway. The scope of work involves the Provision of monkey anti-climbing devices specifically for the Moradabad Division.
Key details regarding the contract include:
| Particulars | Details |
|---|---|
| Awarding Entity | Northern Railway |
| Contract Scope | Provision of monkey anti-climbing devices over Moradabad Division |
| Order Value | Rs 5.49 crores (including taxes) |
| Execution Timeline | Within 9 months from the date of issue of Letter of Acceptance |
The deal was confirmed as a domestic contract. Furthermore, the company reported that neither Texmaco nor its promoter group has any interest in the awarding entity, and the order does not constitute a related party transaction.
TEXRAIL Stock Price Movement
Shares of Texmaco Rail & Engineering Limited slipped by 0.31% on Thursday, settling at a close price of ₹110.00. The stock finished the trading day with a total volume of 1,559,173 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.
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.