Texmaco Rail & Engineering Limited has officially secured a new domestic order from Hindalco Industries Limited. The contract, valued at ₹27.82 crore, involves the supply of one BTAP rake and one brake van. The project is expected to be completed within a period of 10 months from the date of the purchase order, further strengthening the company’s manufacturing order pipeline.
Strategic Order Win
Texmaco Rail & Engineering Limited has announced the receipt of a fresh order from Hindalco Industries Limited. This domestic contract represents a total consideration of ₹27.82 crore, which includes all applicable taxes. The deal signifies continued demand for the company’s specialized rail infrastructure solutions.
Project Details and Timeline
The contract scope entails the manufacturing and supply of one BTAP rake along with one brake van. According to the company, the execution of this order is slated to be completed within 10 months from the issuance of the purchase order.
Transaction Transparency
Texmaco has clarified that this transaction does not involve any interest from its promoters or group companies in the awarding entity. Furthermore, the contract does not qualify as a related party transaction, ensuring that the agreement is conducted on an arm’s length basis.
Source: BSE
