Texmaco Rail & Engineering Ltd. has received an amendment to an existing contract from the Ministry of Railways, adding an additional 1,020 BOXNS wagons. This order, valued at ₹412.32 crores, increases the total order quantity to 4,420 wagons. The contract terms, pricing, and conditions remain the same as the original agreement. The revised delivery period for the increased quantity will extend by 162 days beyond the original re-fixed delivery date, now set for June 11, 2027. The total amended contract value is now ₹1786.74 crores.
Texmaco Rail Secures Additional Wagon Order
Texmaco Rail & Engineering Ltd. announced today an amendment to a contract with the Ministry of Railways. This amendment exercises an option clause from the original contract, resulting in an additional order for 1,020 BOXNS wagons. This brings the total order quantity for BOXNS wagons to 4,420 units. The additional quantity is valued at ₹412.32 crores and will be supplied under the same price, terms, and conditions as the original contract.
Expanded Contract Value and Timeline
The significant increase in the order for BOXNS wagons has revised the total amended value of the contract to ₹1786.74 crores, inclusive of taxes. The execution and delivery period for this increased quantity will be extended by 162 days beyond the previously re-fixed delivery date. The new completion target for the entire order is now June 11, 2027. This substantial order reinforces Texmaco Rail’s position in the railway rolling stock manufacturing sector.
Contract Specifics
The entity awarding the contract is the Ministry of Railways. The significant terms include the additional order for 1,020 BOXNS wagons, expanding the total to 4,420, and maintaining the original pricing and conditions. The order is domestic in nature. The nature of the contract is for the Manufacture and Supply of BOXNS wagons. There are no stated interests from promoters or promoter group companies in the awarding entity, nor does the order fall within related party transactions.
Source: BSE
