Texmaco Rail Secures ₹24.48 Crore Order from Transport Corporation of India
Texmaco Rail & Engineering Limited received an order worth ₹24.48 crore from Transport Corporation of India. The order involves manufacturing, supplying, and commissioning one rake of ACT-1 & BVCM wagons. Execution is to be completed within 16 weeks of the LOI.
The order value of ₹24.48 crore is significant for the company and contributes to its order book, positively impacting its financial performance and outlook.
The company has secured a new order, which is a positive development indicating business growth and revenue generation.
Texmaco Rail & Engineering Limited has announced the receipt of an order valued at ₹24.48 crore (including taxes) from Transport Corporation of India Limited.
The order is for the manufacture, supply, and commissioning of one rake comprising Type: ACT-1 & BVCM wagons.
This contract is with a domestic entity, and the execution is expected within 16 weeks from the date of the Letter of Intent (LOI). Neither the promoter nor any group companies have an interest in Transport Corporation of India Limited, and the order does not fall under related party transactions.
This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
A plain-language summary of a public exchange filing by Texmaco Rail & Engineering Limited. Read the original for the full detail.