Texmaco Rail & Engineering Ltd. has secured a ₹36.00 crore contract from Eastern Railway. The project focuses on the modernization of rail infrastructure, specifically the replacement of existing auto signalling systems with advanced Multi Section Digital Axle Counter (MSDAC) technology. This order signifies a continued commitment to enhancing railway safety and efficiency, with the project delivery scheduled to be completed within 24 months from the date of the Letter of Acceptance.
Advancing Railway Signalling Technology
Texmaco Rail & Engineering Ltd. has been awarded a domestic order valued at ₹36.00 crore (excluding taxes) by Eastern Railway. The contract is centered on critical infrastructure upgrades, specifically aimed at the replacement of auto signalling systems. By implementing Multi Section Digital Axle Counter (MSDAC) technology, the project will modernize signalling reliability and safety across the designated sections of the railway network.
Project Execution and Timeline
The contract requires the company to execute the installation and replacement work within a period of 24 months from the date of the official Letter of Acceptance. This project strengthens the company’s position in the railway infrastructure segment, providing steady revenue visibility over the next two years. The company confirmed that there is no promoter or related party interest involved in the awarding of this contract, ensuring the transaction is conducted at arm’s length.
Source: BSE
