Receipt of Order

TEXRAIL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.5%1-day move

₹114.95

prior close

₹113.59

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.5+1.0+1.6+2.0-2.5-8.6+4.2+7.8+0.6-5.2-10.2-10.6-2.6—

Up moveDown movePending

AI summary

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.

Likely market impact

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.