Texmaco Rail & Engineering Ltd. has announced receipt of a significant order valued at Rs. 41.31 crores (excluding taxes) from the South Central Railway. The contract involves the replacement of existing panel Interlocking systems with modern Electronic Interlocking and associated outdoor gear replacements across several stations within the Vijayawada Division. The project, classified as a domestic contract, is required to be executed within 540 days from the Appointed Date.
Major Order Announcement
Texmaco Rail & Engineering Ltd. has officially informed exchanges that it has been awarded a new contract by the South Central Railway. The total value of this order is substantial, amounting to Rs. 41.31 crores, calculated excluding applicable taxes. This development is a positive indicator for the company’s order book in the current financial period.
Project Details and Scope
The core objective of this contract is the modernization of signaling infrastructure. Specifically, the work entails the Replacement of panel Interlocking with Electronic Interlocking systems, coupled with the replacement of associated outdoor gears. This modernization effort will be carried out across various stations located within the jurisdiction of the Vijayawada Division.
Execution Timeline and Commercial Terms
As per the terms established in the EPC Agreement Document, the execution timeline for completing this significant project is set at a maximum of Within 540 days from the official Appointed Date. The contract has been awarded by a domestic entity, and the company confirmed that neither its promoter group nor any group companies have any interest in the awarding entity. Furthermore, this transaction is confirmed not to fall within related party transactions.
Source: BSE
