Texmaco Rail Wins Rs. 7.67 Crores Order for OHE and PSI Maintenance from South Western Railway
Texmaco Rail & Engineering Limited announced the receipt of a significant contract order from South Western Railway. The order pertains to the outsourcing of Overhead Equipment (OHE) and Power Supply Infrastructure (PSI) maintenance activities for a duration of two years.The contract award details indicate that the order is sourced from a domestic entity, solidifying the company's presence in critical railway infrastructure maintenance sectors.
Key details regarding the contract are presented below:
| Particulars | Detail |
|---|---|
| Name of Entity Awarding Order | South Western Railway |
| Scope of Work | Outsourcing of OHE and PSI maintenance activities |
| Contract Duration | Two years |
| Nature of Order | Outsourcing of OHE and PSI maintenance activities |
| Contract Value | Rs. 7.67 crores (excluding taxes) |
| Execution Timeline | Within 24 months from the date of issue of Letter of Acceptance |
| Awarding Entity Type | Domestic |
The transaction is categorized as a domestic contract. Furthermore, Texmaco Rail noted that the company and its promoter group do not have any interest in South Western Railway, nor would the order fall under related party transactions. The financial consideration for the outsourcing activities is Rs. 7.67 crores (excluding taxes).
TEXRAIL Stock Price Movement
Today, Texmaco Rail & Engineering Limited saw its shares rally, settling at ₹106.33, following a 2.35% gain in post-market trading. The stock posted this increase on a robust volume of 1.65 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.
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