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.
Awaiting price reaction for this filing.
Texmaco Rail & Engineering has secured a major international order from CAMALCO SA., Cameroon, valued at USD 62.24 million (approximately INR 535 Crore). The order comprises two parts: manufacture and supply of 560 open-top wagons worth USD 32.76 million (INR 282 Crore), and a 20-year long-term maintenance contract worth USD 29.48 million (INR 253 Crore). The 560 wagons are to be delivered in two phases within 24 months from the purchase order date. The contract also includes a provision for an additional order of 1,040 wagons over the next 5 years along with their maintenance. This is an export order denominated in US dollars, with no related party interest involved.
This is a significant export win that strengthens Texmaco's international order book and provides long-term recurring revenue visibility through the 20-year maintenance contract. Likely positive for the stock given the size of the order relative to the company's revenue base and the potential for additional 1,040 wagons.