Texmaco Rail & Engineering Limited has been awarded a new contract by Hindalco Industries Limited valued at Rs. 23.57 crore. The order covers the supply of one BTAP Rake and one Break Van. This domestic project is expected to be completed within five months from the date of the purchase order, further contributing to the company’s manufacturing pipeline in the rolling stock segment.
Strategic Order Win
Texmaco Rail & Engineering Limited has announced a fresh order intake from Hindalco Industries Limited. Valued at Rs. 23.57 crore (excluding taxes), this contract underscores the company’s ongoing commitment to strengthening its order book within the domestic railway infrastructure and rolling stock manufacturing sector.
Project Details and Timeline
The contract entails the supply of a specialized BTAP Rake and a Break Van. These units are critical components for logistical operations. The company has committed to a swift execution timeline, with the entire order slated for completion within five months from the issuance of the purchase order. As a domestic entity, this project reflects the sustained demand for high-quality rail assets within the Indian industrial landscape.
Corporate Governance
In line with standard corporate practices, the company has confirmed that this contract is not a related party transaction. Neither the promoter nor the promoter group holds any financial interest in the awarding entity, Hindalco Industries Limited, ensuring the deal is conducted at arm’s length.
Source: BSE
