Texmaco Rail & Engineering has secured a significant contract valued at ₹4045 crore from Tsiko Africa Logistics (Pty) Ltd. and Barberry Holdings (Pty) Ltd. The contract involves the supply of Rolling Stock Freight Wagons, Locomotives, Components, and their long-term maintenance.
The contract was awarded by international entities, Tsiko Africa Logistics and Barberry Holdings, marking a substantial international order for Texmaco Rail. The execution of the contract is scheduled to be completed between 2027 and 2028.
The agreement does not involve any interest from the promoter group or related party transactions, ensuring that the contract is conducted at arm’s length.
This development represents a significant milestone for Texmaco Rail, reinforcing its position in the international market for rolling stock and related components.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).