Texmaco Rail & Engineering Ltd. announced securing a new order from Western Railway valued at Rs. 3.54 crores (excluding taxes). The contract involves the Provision of Anti-Bird disc on insulators within the electrified territory of the Vadodara Division. This is a domestic order, and the entire work is expected to be completed within a strict timeframe of 18 months from the date of Letter of Acceptance.
New Contract Award Notification
Texmaco Rail & Engineering Limited has officially disclosed the receipt of a new order from Western Railway, the entity awarding the contract. This announcement adheres to corporate disclosure requirements concerning new business received by the company.
Key Contract Details
The primary subject of the contract is the Provision of Anti-Bird disc on insulators in the electrified territory of Vadodara Division. This work falls under the category of a domestic contract.
Financial Value and Execution Timeline
The broad consideration for the scope of work awarded is set at Rs. 3.54 crores (excluding taxes). Regarding the execution timeline, the company has stipulated that the entire work shall be completed within 18 months from the date the Letter of Acceptance is issued.
Related Party Review
The company confirmed that the promoter/promoter group companies do not have any interest in the entity that awarded the order. Furthermore, the order would not fall within related party transactions.
Source: BSE
