Texmaco Rail & Engineering has been awarded a significant order valued at ₹357.11 crore by JSW Group. The order involves the manufacture and supply of BLSS, BLCS, and BFNV rakes, along with BVCM wagons. This contract is a notable addition to Texmaco Rail‘s portfolio, reflecting its robust capabilities in the railway engineering sector.
The contract, which is domestic in nature, specifies a completion period of 11 months from the effective date or the date of commencement of works. This timeline underscores the company’s commitment to timely delivery and execution of projects.
The order from JSW Group does not involve any related party transactions, as confirmed by Texmaco Rail. Furthermore, there is no interest from the promoter or promoter group in the entity awarding the contract, ensuring an arm’s length transaction.
This development marks another milestone for Texmaco Rail, enhancing its reputation as a leading player in the railway infrastructure space. The strategic partnership with JSW Group is expected to bolster the company’s growth trajectory and reinforce its market position.
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 Aman Shukla before publication.