Texmaco Rail Secures ₹191.99 Cr Signaling Contract from South Central Railway
Texmaco Rail & Engineering Limited received two Letters of Acceptance from South Central Railway for signaling and telecommunication works. The total order value is ₹191.99 Crores, to be executed within 480 days.
The value of the order (₹191.99 Crores) is substantial and is expected to positively impact the company's revenue and order book.
The company has secured significant new orders, which is a positive development for its business.
Texmaco Rail & Engineering Limited has announced the receipt of two Letters of Acceptance from South Central Railway for Comprehensive Signalling and Telecommunication Works for the Provision of Automatic Block Signalling System.
The total value of these orders amounts to ₹191.99 Crores, inclusive of taxes. The contracts are to be executed within 480 days from the Appointed Date. This is a domestic order, and the company has confirmed that there are no promoter or group company interests in the awarding entity, nor do the contracts fall under related party transactions.
This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Texmaco Rail & Engineering Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Texmaco Rail & Engineering Limited. Read the original for the full detail.