Announced Tue, 28 Apr · 14:59 IST
Texmaco Rail & Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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TEXRAIL · price
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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹107.08
prior close
₹106.33
base price
In-mkt
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AI summary
Texmaco Rail & Engineering Limited has received an order worth Rs. 36.00 crores from Eastern Railway (a government entity). The order is for the replacement of auto signalling using Multi Section Digital Axle Counter (MSDAC) technology. This is a domestic order with a execution timeline of 24 months from the date of Letter of Acceptance. The order does not involve any related party transactions or promoter interest.
Likely market impact
A positive development for the company as it secures a Rs. 36 crore contract from a government railway entity, demonstrating continued order inflow in the rail infrastructure segment.