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.
On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.5 pts more than its Industrial Manufacturing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
Positive. A sizeable domestic order from a reputed private player strengthens the order book and revenue visibility over the next 13-14 months.