Texmaco wins Rs 39.26 cr order from Southern Railway for OHE work
TEXRAIL · price
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Texmaco Rail & Engineering has received a domestic order worth Rs. 39.26 crores (excluding taxes) from Southern Railway. The scope involves design, supply, erection, testing and commissioning of 25kV Traction Overhead Equipment (OHE) for track doubling between Thiruvananthapuram and Eraniel stations, including modification of existing OHE. The project must be completed within 36 months from the date of the Letter of Acceptance. There is no promoter or related party interest in the awarding entity.
Modest boost to order book; adds revenue visibility over 3 years. Government client lowers counterparty risk. Size is small relative to typical annual revenues.