Texmaco Rail has secured a substantial ₹39.3 crore contract from Southern Railway for the installation of 25KV Overhead Electrification (OHE) systems, with a target completion date set over the next 36 months.
Texmaco Rail & Engineering Limited
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Texmaco Rail has secured a new order worth INR 39 crore from the Southern Railways, indicating continued growth in their rail infrastructure business.
Texmaco Rail wins a new contract from Southern Railway for the 25kV Overhead Electrification (OHE) project, which entails expanding tracks between Thiruvananthapuram and Eraniel railway stations. This expansion should improve overall railway efficiency in the region.
Texmaco Rail secures a new contract with West Central Railway, manufacturing 38 bogie frames for ICF design coaches. The company aims to complete the project within 90 days after receiving the purchase order.
The Sensex increased by 1,880 points, with the Nifty breaking through the 22,900 mark due to easing geopolitical tensions and robust domestic signals. Additionally, companies like Valor Estate, Texmaco Rail, and Bharat Electronics experienced growth after securing significant deals/orders in the mid-cap, small-cap sector.
Texmaco Rail secures a significant INR 357 crore contract from JSW Group for the production of BLSS, BLCS, and BFNV rail rakes. The domestic project is expected to be completed within 11 months after work commencement.
Texmaco Rail has won a significant order worth INR 3.57 billion, strengthening their order book and indicating sustained demand for their rail engineering services.
Texmaco Rail has authorized a Long-Term Incentive Plan (LTIP), granting 2.4 million stock options valued at Rs. 1 per share. These options will vest over a period of three years and can be exercised within the subsequent two years.
Texmaco Rail announced a significant ₹357.1 crore order from JSW Group for railway wagons and rakes, however, the company's share price dropped by 5.7% to ₹78.9 on Monday, marking a 20% decrease in a month and a 42.6% decline over the past six months.
Texmaco Rail has been awarded a contract by North Central Railway to enhance the reliability of track circuits across 14 stations in the Prayagraj Division. The project aims for completion within 180 days.