Texmaco Rail Secures Rs. 132 Crore Order from Joint Venture
Filing Summary
Texmaco Rail & Engineering Ltd has announced the receipt of an order valued at Rs. 132 crores from its joint venture, M/s. Touax Texmaco Railcar Leasing Private Limited. The order involves the supply of a rake of BLSS Wagon, including BLSS and BVCM wagons. The contract is domestic and will be executed in tranches by July 2026. Texmaco Rail is a promoter of the awarding entity, and the transaction is conducted on an arm’s length basis. This update is in compliance with SEBI regulations.
Texmaco Rail & Engineering Ltd has informed the exchanges about receiving an order worth Rs. 132 crores from its joint venture, M/s. Touax Texmaco Railcar Leasing Private Limited. The order pertains to the supply of a rake of BLSS Wagon, which includes both BLSS and BVCM wagons. This transaction is classified as domestic.
The order is to be executed in tranches, with completion expected by July 2026. The financial consideration for this order is exclusive of taxes. Texmaco Rail has confirmed that it is one of the promoters of the awarding entity, and there is no conflict of interest arising from this transaction. The transaction is conducted on an arm’s length basis, as per regulatory requirements.
The details of the order have been disclosed in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI circular dated 11th November 2024. This disclosure ensures transparency and compliance with the regulatory framework governing such transactions.
M/s. Touax Texmaco Railcar Leasing Private Limited is a joint venture focused on railcar leasing. The entity collaborates with Texmaco Rail to leverage synergies in railcar manufacturing and leasing, aiming to enhance its service offerings in the rail sector.
Texmaco Rail & Engineering Ltd is engaged in the manufacturing and supply of railway wagons, coaches, and other engineering products. The company focuses on expanding its footprint in the rail industry through strategic partnerships and joint ventures, enhancing its capabilities in railcar production and leasing.