Texmaco Rail Secures Rs 70.72 Crore Order for Manufacturing BLSS Rakes from Central Warehousing Corporation
Texmaco Rail & Engineering Ltd has been awarded a contract by the Central Warehousing Corporation (CWC) involving the manufacture and supply of specialized railway rolling stock. The order, valued at Rs 70.72 crores (including taxes), highlights the company's capacity in rail infrastructure manufacturing.The Letter of Award specifies the scope of work as the Manufacture and Supply of BLSS rakes along with Brake Vans to CWC. The transaction is classified as a domestic contract awarded by a domestic entity.
According to the details provided, Texmaco Rail & Engineering Ltd has been granted an execution timeline of within 180 days from the date of issuing the Letter of Award. The project maintains a clear business structure, with no interest held by promoter or group companies in the awarding entity, and the contract is not categorized as a related party transaction.
Key details regarding the awarded order are presented below:
| Parameter | Details |
|---|---|
| Entity Awarding Order | Central Warehousing Corporation |
| Contract Scope | Manufacture and Supply of BLSS rakes along with Brake Van |
| Contract Value | Rs 70.72 crores (including taxes) |
| Execution Timeline | Within 180 days from the date of Letter of Award |
TEXRAIL Stock Price Movement
As of 11:54 AM, shares of Texmaco Rail & Engineering Limited are shedding value, having dropped 2.23% in live trading and currently trading at ₹118.34. The stock has seen a total traded volume of 2.27 million shares thus far today.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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