Texmaco Rail Secures Rs 6.28 Crore Contract from Western Railway for Infrastructure Work
Texmaco Rail & Engineering Limited has received a Letter of Acceptance (LOA) valued at Rs 6.28 crores from Western Railway. The contract involves the provision of Nylon Net, Anti monkey Climbing Device, and anti-bird disc over within the next twelve months.The agreement highlights Texmaco's role in providing specialized infrastructure support to the railway entity. Western Railway has issued the acceptance letter for work related to enhancing safety and structure integrity through these components.
The key details of the domestic contract are summarized below:
| Particular | Details |
|---|---|
| Client | Western Railway |
| Contract Scope | Provision of Nylon Net, Anti monkey Climbing Device and anti-bird disc over. |
| Contract Value | Rs 6.28 crores (including taxes) |
| Execution Timeline | Within 12 months from the date of LOA issue. |
The contract is identified as a domestic order. The company confirmed that there is no interest held by the promoter or the promoter group in Western Railway, and the transaction does not fall under related party dealings.
TEXRAIL Stock Price Movement
Shares of Texmaco Rail & Engineering Limited slipped by 0.45% in trading today, settling at ₹109.94. The stock managed to finish the session near its morning low after registering a turnover of over 1.3 million shares within an intraday range spanning from ₹108.7 to ₹110.97.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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