Texmaco Rail & Engineering has been awarded a substantial contract valued at ₹22.91 crore by North Central Railway. The order focuses on enhancing the reliability of track circuits through the provision of Multi-Section Digital Axle Counters (MSDAC) in parallel with existing Dual Channel Track Circuit (DCTC) systems across 14 stations in the Prayagraj Division.
According to the details provided under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, the project is classified as a domestic contract. It is expected to be executed within a period of 180 days. The order does not involve any related party transactions, and there is no interest from the promoter group or group companies in the awarding entity.
The contract underscores Texmaco Rail‘s ongoing commitment to improving railway infrastructure and operational efficiency. The implementation of MSDAC is anticipated to significantly enhance the reliability of track circuits, thereby contributing to safer and more efficient railway operations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Arunika Jain and reviewed by Aditya Bhagchandani before publication.