Texmaco Rail & Engineering Ltd. has announced securing a new order valued at ₹27.82 crores from Hindalco Industries Limited. The contract is for the supply of 1 BTAP rake alongwith 1 Brake Van as part of the Aditya Expansion Project. This domestic order is expected to be executed within 8 months from the date of the Purchase Order, contributing positively to the company’s order book and revenue stream.
Texmaco Rail Secures Major Order
Texmaco Rail & Engineering Limited has announced the successful acquisition of a significant order from Hindalco Industries Limited. This new contract is valued at approximately ₹27.82 crores and involves the supply of essential railway rolling stock.
Contract Details and Scope
The specific order is for the supply of 1 BTAP rake alongwith 1 Brake Van, intended for the Aditya Expansion Project. This order falls under the category of a domestic contract. The company is committed to delivering the order within a stipulated timeframe of within 8 months from the date of the Purchase Order (PO), ensuring timely execution and fulfillment.
Financial and Strategic Impact
The broad consideration for this order is substantial at Rs. 27.82 crores (including taxes). This win not only bolsters Texmaco Rail’s order book but also demonstrates its capability to secure business from prominent industry players like Hindalco Industries Limited. The company has confirmed that this contract does not involve any related party transactions and is conducted at an ‘arm’s length’ basis.
Source: BSE
