Texmaco Rail & Engineering Limited has informed the Exchange about Bagging/Receiving of letter of award of order worth Rs. 28.58 Crores (incl. taxes) from Vedanta Aluminium Metal Limited
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Texmaco Rail & Engineering Limited has received a Letter of Award from Vedanta Aluminium Metal Limited for the supply of 1 rake BTAP Alumina transportation wagon and 1 brake Van (Guard Vehicle). The order is valued at Rs. 28.58 Crores inclusive of taxes. This is a domestic order and is to be executed within 6 months from the date of Notice to Proceed (NTP). The order does not involve any related party or promoter group interest.
This new order worth Rs. 28.58 Crores adds to Texmaco's order book and signals continued business development in the rail wagon segment from a private sector client. The execution timeline of 6 months means revenue recognition is expected within the current financial year.