Texmaco Rail gets Rs 219.18 cr order from Mumbai Railway Vikas Corp
TEXRAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Texmaco Rail and Engineering has secured an order worth Rs 219.18 crores (excluding taxes) from Mumbai Railway Vikas Corporation Ltd, a domestic government entity. The contract covers design, supply, installation, testing and commissioning of signalling equipment for a new line in Mumbai Suburban under the MUTP-IIIA project. Execution timeline is 36 months from the notice to proceed. No promoter or related party interest is involved.
New government order adds to order book; positive for revenue visibility over the next 3 years. No related party concerns.