Texmaco Rail & Engineering has been awarded a significant contract worth ₹7.67 crores by South Western Railway. The contract involves the outsourcing of Overhead Equipment (OHE) and Power Supply Installation (PSI) maintenance activities for a period of two years.
According to the details provided, the order is domestic in nature and must be executed within 24 months from the date of the Letter of Acceptance. The contract does not involve any related party transactions, and there is no interest from the promoter group or group companies in the entity awarding the contract.
The terms of the agreement specify that Texmaco Rail will be responsible for maintaining the OHE and PSI systems, which are critical components in railway infrastructure, ensuring the smooth operation of electric trains.
This new order further strengthens Texmaco Rail’s position in the railway infrastructure sector, showcasing its capabilities in handling significant maintenance projects.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).