Texmaco Rail Secures Rs 77.76 Crores Order from IVC Logistics Limited
Texmaco Rail & Engineering Limited has secured a significant purchase order valued at Rs 77.76 crores from IVC Logistics Limited. The contract involves the supply of specialized railway wagons for domestic operations, strengthening Texmaco’s position in the rail logistics sector.The purchase order details specify that Texmaco will supply three rakes of ACT1 wagons along with one BVCM wagon per rake to IVC Logistics Limited. This business is classified as a domestic transaction and does not involve any related party transactions. The total value of the order, including taxes, stands at Rs 77.76 crores.
The order has been awarded by IVC Logistics Limited and must be executed by March 31, 2027.
A summary of the key terms of the contract is as follows:
| Particulars | Details |
|---|---|
| Entity awarding the order | IVC Logistics Limited |
| Total Consideration | Rs 77.76 crores (including taxes) |
| Scope of Work | Supply of 3 rakes of ACT1 wagons along with 1 BVCM wagon per rake |
| Nature of Transaction | Domestic supply of railway equipment |
| Execution Deadline | March 31, 2027 |
The transaction details confirm that there is no interest held by the promoter or promoter group companies in IVC Logistics Limited. This contract represents a substantial order for Texmaco Rail & Engineering Limited in the rail wagon manufacturing and supply chain segment.
TEXRAIL Stock Price Movement
On Wednesday, Texmaco Rail & Engineering Limited shares edged higher to settle at ₹107.76, after gaining 0.85% in market trading. The company's stock saw a traded volume of 773,469 shares 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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