Receipt of Order
TEXRAIL · price
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Texmaco Rail & Engineering Ltd has received an order worth Rs. 130.22 crores from Kochi Metro Rail Limited. The order is for the Design, Supply, Installation, Testing and Commissioning of Ballastless Track and Connections for Standard gauge in the Elevated Section of Phase 2 Corridor of the Kochi Metro Rail Project. This is a domestic order to be executed within 16 months from the date of issue of Letter of Acceptance. The order does not involve any related party transaction and the promoter group has no interest in Kochi Metro Rail Limited.
This is a positive development as the Rs. 130+ crore order provides revenue visibility for the next 16 months and strengthens Texmaco's order book in the metro rail infrastructure segment.