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 a new order valued at Rs. 62.21 crores (excluding taxes) from M/s. IVC Logistics Limited. The order is for the supply of rakes of ACT1 Wagons along with BVCM Design-C Wagons, and is to be completed by August 2026. The awarding entity is a domestic party, and the promoters/group companies have no interest in IVC Logistics, with the order not being a related party transaction. This adds to the company's existing order book in the rail freight wagon segment.
Modest positive for the company's order book, reinforcing business momentum in the wagon manufacturing segment. The size of the order is incremental rather than transformational, so material impact on the stock is likely limited.