Texmaco Rail & Engineering has announced the receipt of two Letters of Acceptance from South Central Railway, valued at ₹191.99 crore. The contracts pertain to comprehensive signalling and telecommunication works for the provision of an automatic block signalling system.
The contracts, awarded by a domestic entity, South Central Railway, involve significant terms and conditions focusing on the comprehensive signalling and telecommunication works required for the automatic block signalling system. The project is expected to be executed within 480 days from the appointed date, ensuring timely completion of the infrastructure enhancement.
The awarded contracts do not involve any interest from the promoter or promoter group, nor do they fall within related party transactions, ensuring a straightforward business engagement for Texmaco Rail.
This development marks a significant step for Texmaco Rail in expanding its portfolio within the railway infrastructure sector, reinforcing its position as a key player in the industry.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).