Texmaco Rail & Engineering has been awarded a significant contract by South Central Railway valued at ₹41.31 crores. This contract involves the replacement of panel interlocking with electronic interlocking and the replacement of outdoor gears at stations within the Vijayawada Division.
The order, which is domestic in nature, is to be executed within 540 days from the appointed date as per the EPC Agreement Document. The project is a key development for Texmaco Rail, reflecting its ongoing commitment to enhancing railway infrastructure.
The contract does not involve any interest from the promoter group or related party transactions, ensuring that it is conducted at arm’s length. This order further solidifies Texmaco Rail’s position in the domestic railway sector, showcasing its expertise in engineering and infrastructure projects.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).