Texmaco Rail & Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TEXRAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Texmaco Rail & Engineering Limited has received a Rs. 130.22 crore order from Kochi Metro Rail Limited for Design, Supply, Installation, Testing and Commissioning of Ballastless Track and Connections for the Standard gauge Elevated Section of Phase 2 Corridor of Kochi Metro Rail Project. The order is domestic, awarded without any promoter group interest, and does not constitute a related party transaction. The project is to be completed within 16 months from the date of issue of Letter of Acceptance. This is a track infrastructure contract for an urban metro expansion project.
This is a positive development as it represents a new order win for the company, adding to their project pipeline. The Rs. 130.22 crore order may represent a meaningful portion of annual revenue depending on their financial size, and demonstrates continued order inflow in the metro rail infrastructure segment.