Texmaco Rail & Engineering Limited has informed the Exchange about Bagging/Receiving of 2 Letters of Acceptance worth Rs. 191.99 Crores (incl. taxes) from South Central Railway
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Texmaco Rail & Engineering Limited has received 2 Letters of Acceptance from South Central Railway totaling Rs. 191.99 Crores (including taxes). The contract involves Comprehensive Signalling and Telecommunication Works for Provision of Automatic Block Signalling System. This is a domestic order and is to be executed within 480 days from the Appointed Date. South Central Railway is part of Indian Railways, making this a government-backed railway infrastructure contract. The company confirmed there is no related party transaction or promoter interest in the awarding entity.
This is a positive development as the Rs. 191.99 Crore order represents a substantial contract win for the company, potentially boosting its order book and revenue visibility. The execution timeline of 480 days provides near-term revenue recognition potential.