Texmaco Rail & Engineering has announced the receipt of three new orders aggregating to ₹428.55 crore. The orders are from Ultratech Cement Ltd (₹30.98 crore), Jujhar Logistics & Travels Limited (₹329.53 crore), and APL Logistics Vascor Automotive Pvt Ltd (₹68.04 crore). These contracts involve the manufacture and supply of various types of wagons and are expected to be executed within specified timelines up to December 2027.
Texmaco Rail & Engineering Secures Significant New Orders
Texmaco Rail & Engineering Limited has disclosed the receipt of new orders totaling ₹428.55 crore, signaling a positive development for its order book and future revenue streams. These orders fall under the purview of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Breakdown of New Contracts
The three new contracts are distributed as follows:
- Ultratech Cement Ltd: An order valued at ₹30.98 crore, involving the manufacture and supply of 1 rake of BCFCM1 wagons along with 1 BVCM wagon.
- Jujhar Logistics & Travels Limited: A substantial order worth ₹329.53 crore for the manufacture and supply of 15 rakes comprising ACT1 and ACT 3 wagons, along with 15 BVCM wagons.
- APL Logistics Vascor Automotive Pvt Ltd: An order amounting to ₹68.04 crore for the manufacture and supply of 3 rakes of ACT3 wagons along with 3 BVCM wagons.
Execution Timeline and Details
All contracts have been awarded by domestic entities. The execution timelines vary, with some orders expected to be completed by February 2027 (ACT1 wagons within 5 months of the first rake) and others by December 2027. The company confirmed that these transactions do not fall within related party transactions and are conducted at ‘arm’s length’.
Source: BSE
