Texmaco Rail & Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TEXRAIL · price
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Texmaco Rail & Engineering has received an order valued at Rs. 357.11 crores (excluding taxes) from JSW Group. The order is for the manufacture and supply of BLSS, BLCS and BFNV Rakes along with BVCM Wagons, which are typically used in the steel and mining logistics sector. The contract is domestic in nature and not a related party transaction. Execution is to be completed within 11 months from the date of commencement. The disclosure is made under SEBI Regulation 30, indicating it is a material order for the company.
This sizeable domestic order strengthens Texmaco's order book and provides revenue visibility for the next 11 months, which is a positive signal for shareholders. Repeat business from a major industrial group like JSW suggests healthy demand and could support the stock in the near term.