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 received an order worth Rs. 44.04 crore from Mumbai Railway Vikas Corporation Limited (MRVC), a domestic government entity. The contract involves the supply, construction, installation, testing and commissioning of 1X25 kV 110/25 kV TSS with 40/56 MVA AC traction transformers, SPs and associated works for the 3rd and 4th lines of Central Railway. The order is to be executed within 18 months. The order has been awarded by a domestic entity and does not fall under related party transactions. The promoter group has no interest in MRVC.
This is a routine order win from a government railway PSU that adds to Texmaco's order book. The value is moderate in size and execution over 18 months means revenue will be recognized gradually. Positive for the order pipeline but unlikely to be a major stock price catalyst on its own.