Texmaco Rail & Engineering Limited has announced it has received a purchase order worth ₹77.76 crore from IVC Logistics Limited. The order is for the supply of 3 rakes of ACT1 wagons, each accompanied by 1 BVCM wagon. The execution of this contract is expected to be completed on or before March 31, 2027.
New Order Secures Future Revenue
Texmaco Rail & Engineering Limited has secured a significant purchase order from IVC Logistics Limited, marking a positive development for the company’s order book. The order, valued at ₹77.76 crore, is for the supply of specialized railway rolling stock.
Order Details and Scope
The contract involves the provision of 3 complete rakes of ACT1 wagons. Crucially, each of these rakes will be supplied with an additional 1 BVCM wagon, indicating a comprehensive supply agreement. The entity awarding the contract is identified as IVC Logistics Limited, a domestic entity.
Timeline and Financials
The broad consideration for this order amounts to ₹77.76 crores, inclusive of taxes. Texmaco Rail & Engineering is expected to execute this contract and complete the supply by March 31, 2027. This new order contributes positively to the company’s revenue projections and reinforces its position in the wagon manufacturing sector.
The company has confirmed that this order does not fall within related party transactions and that neither the promoter nor any group companies have any interest in IVC Logistics Limited, ensuring transparency in the deal.
Source: BSE
