Announced Fri, 19 Jun · 22:04 IST
Texmaco Rail wins Rs 253.28 Cr order from JSW South Rail Logistics
TEXRAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹109.75
prior close
₹112.04
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+0.5+0.4+1.0+1.3+0.5-0.1-1.7-1.6+2.5+4.8+1.1——
Up moveDown movePending
AI summary
Texmaco Rail and Engineering has received a Letter of Intent worth Rs 253.28 crore (including taxes) from JSW South Rail Logistics for manufacture and supply of BFNSM1 Rakes along with BVCM Wagons. The domestic order is to be executed within 13.5 months from the date of commencement of works. The promoter group has no interest in the awarding entity, and the order is not a related party transaction.
Likely market impact
Positive. A sizeable domestic order from a reputed private player strengthens the order book and revenue visibility over the next 13-14 months.