Texmaco Rail Secures Orders Worth ₹131.36 Crore from TCI and Touax Texmaco
Texmaco Rail & Engineering Limited received two orders totaling ₹131.36 Crores. One order from Transport Corporation of India is for ₹24.48 Crores, to be executed within 16 weeks. The second, from Touax Texmaco Railcar Leasing, is for ₹106.88 Crores, due by 26th May 2027. The latter involves a related party transaction conducted on an arm's length basis.
The total order value of ₹131.36 Crores is substantial and contributes to the company's order book, impacting its financial performance.
The company has secured new orders, which is generally positive for business growth and revenue.
Texmaco Rail & Engineering Limited has announced the receipt of two significant orders aggregating to ₹131.36 Crores. The first order, valued at ₹24.48 Crores, is from Transport Corporation of India Limited and involves the manufacture, supply, and commissioning of 1 rake of Type: ACT -1 wagon alongwith 1 BVCM wagon. This order is to be executed within 16 weeks from the date of the Letter of Intent (LOI).
The second order, amounting to ₹106.88 Crores, is from Touax Texmaco Railcar Leasing Private Limited. This contract entails the manufacture and supply of 4 rakes of BFNS22.9 wagons along with 4 BVCM wagons, with an execution deadline of 26th May, 2027. Both orders have been awarded by domestic entities.
Notably, Texmaco Rail & Engineering Limited has an interest in Touax Texmaco Railcar Leasing Private Limited as one of its promoters. The company has clarified that this transaction, falling under related party transactions, has been conducted on an arm's length basis, indicating no conflict of interest.
A plain-language summary of a public exchange filing by Texmaco Rail & Engineering Limited. Read the original for the full detail.
