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 an order worth Rs. 27.82 crores from Hindalco Industries Limited for the supply of 1 BTAP rake and one Brake Van. The order is entirely domestic and is to be executed within 10 months from the date of the purchase order. The transaction has been confirmed as non-related party, with no promoter or group company interest in Hindalco. This represents a new contract win for the company's rail manufacturing division.
This order adds to Texmaco's order book and provides revenue visibility for the near term. However, being a domestic private sector order of moderate size, the market impact is likely to be limited unless the company has a history of small order announcements.