Texmaco Rail & Engineering has been awarded a significant contract by Eastern Railway valued at ₹36 crore. The contract involves the replacement of auto signalling systems using Multi Section Digital Axle Counter (MSDAC) technology. This domestic order is set to be executed within 24 months from the issuance of the Letter of Acceptance.
The order does not involve any interest from the promoter group or related party transactions, ensuring that it is conducted at arm’s length. This development marks a notable achievement for Texmaco Rail, reinforcing its position in the railway engineering sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).