Texmaco Rail & Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts worth Rs. 23.57 Crores (excl. taxes) from Hindalco Industries Limited
TEXRAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Texmaco Rail & Engineering Limited has received an order worth Rs. 23.57 crores (excluding taxes) from Hindalco Industries Limited. The order is for the supply of one BTAP Rake and one Break Van. This is a domestic order and will be executed within 5 months from the date of the purchase order. The company has confirmed that the order does not involve any related party transaction and that the promoter group has no interest in Hindalco Industries Limited.
This is a positive development as the company secures a new manufacturing contract. The order value of Rs. 23.57 crores will contribute to Texmaco's revenue, though the significance relative to total revenue cannot be determined without annual figures.