Announced Wed, 29 Apr · 22:20 IST
Texmaco Rail & Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts worth Rs. 187.28 Crores (excl. taxes) from Southern Railway
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TEXRAIL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹106.29
prior close
₹107.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-1.5-1.7-0.8+1.8+6.9+7.5+8.1+7.6-1.2+1.7-2.9+1.6—
Up moveDown movePending
AI summary
Southern Railway has awarded 4 orders totaling Rs. 187.28 crores (excluding taxes) to Texmaco Rail & Engineering Limited. The contract involves providing interlocking arrangements at 183 non-interlocked railway gates. This is a domestic order with execution required within 18 months from the date of Letter of Acceptance. The company has confirmed no related party transactions and no promoter interest in Southern Railway.
Likely market impact
This is a positive development as the order value of Rs. 187.28 crores represents a significant contract win for the company, providing revenue visibility for the next 18 months.