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 has received an order worth Rs. 51.45 crores (excluding taxes) from North Eastern Railway. The work involves design, supply, testing, erection and commissioning of power supply installation and electrification for the GKC–VKNR Doubling Project in the Varanasi Division. The order is domestic in nature and must be completed within 24 months from the date of the Letter of Acceptance. The company confirmed that the order is not a related-party transaction and promoters have no interest in the awarding entity.
This is a routine government railway order that adds to Texmaco's existing order book but is not large enough to materially shift the stock price on its own. It reinforces the company's presence in Indian Railways' electrification and infrastructure projects.