Texmaco Rail Secures Rs. 51 Crore Order from North Eastern Railway
Filing Summary
Texmaco Rail & Engineering Ltd has received an order valued at Rs. 51.45 crores from North Eastern Railway. The order involves the design, supply, testing, erection, and commissioning of power supply installation and electrification for the GKC – VKNR Section of the Varanasi Division. The project is part of the GKC – VKNR Doubling Project and is expected to be completed within 24 months from the date of the Letter of Acceptance. This order does not involve any related party transactions and is awarded by a domestic entity.
Texmaco Rail & Engineering Ltd has announced the receipt of an order from North Eastern Railway valued at Rs. 51.45 crores. The order pertains to the design, supply, testing, erection, and commissioning of power supply installation and electrification for the TSS, SSP, and BSP buildings in the GKC – VKNR Section of the Varanasi Division. This project is part of the GKC – VKNR Doubling Project.
The order is awarded by a domestic entity, North Eastern Railway, and does not involve any related party transactions. The entire scope of work is to be completed within a period of 24 months from the date of the issuance of the Letter of Acceptance. The financial consideration for this order is exclusive of taxes.
There are no interests from the promoter, promoter group, or group companies of Texmaco Rail & Engineering Ltd in the entity that awarded the order. The order is not classified as a related party transaction and is conducted at arm’s length.
North Eastern Railway is a zone of the Indian Railways, responsible for the operation and management of rail transport in the northeastern region of India. The zone focuses on enhancing rail infrastructure and services to improve connectivity and efficiency in the region.
Texmaco Rail & Engineering Ltd is engaged in the manufacturing and supply of railway freight cars, hydro-mechanical equipment, and steel castings. The company focuses on expanding its capabilities in rail infrastructure projects and enhancing its position in the engineering sector through strategic orders and collaborations.