Texmaco Rail Secures ₹1125 Crore Order for 4500 HP Diesel-Electric Locomotives
Texmaco Rail & Engineering Limited received a Letter of Award worth USD 135 Million (approx. ₹1125 crore) from Tsiko Africa Logistics and Barberry Holdings. The contract involves designing, manufacturing, supplying, and commissioning 4500 HP Diesel-Electric Locomotives. Execution is expected within 20-24 months.
The order value of USD 135 Million (approximately ₹1125 crore) is substantial and is expected to have a significant impact on the company's financials and future growth.
The company has secured a significant international order, which is positive for its business outlook and revenue.
Texmaco Rail & Engineering Limited has announced the receipt of a Letter of Award from Tsiko Africa Logistics (Pty) Ltd. in conjunction with Barberry Holdings (Pty) Ltd. This significant international contract is valued at USD 135 Million (approximately ₹1125 crore), exclusive of applicable taxes and duties.
The scope of the award encompasses the design, manufacture, supply, and commissioning of Wabtec ES43ACi – 4,500 HP Diesel-Electric Locomotives.
The execution of this order is expected to be completed within 20 to 24 months from the signature of the Definitive Agreement. The company has confirmed that its promoters or group companies do not have any interest in the awarding entities, and the contract does not fall under related party transactions.
A plain-language summary of a public exchange filing by Texmaco Rail & Engineering Limited. Read the original for the full detail.