Texmaco bags rail order

Texmaco Rail & Engineering on Wednesday said it has received an order for 20,067 wagons from the Indian Railways with an order value of Rs 6,450 crore.

In a filing at the stock exchange on Wednesday, Texmaco said the order was secured against a tender issued by the Indian Railways. The said order will be executed over a period of 39 months.

Texmaco’s consolidated order book at the end of the third quarter of 2021-22, including that of its subsidiaries was Rs 2,800 crore. With Railways budgeting a capital expenditure outlay of Rs 2.45 lakh crore, the company remains bullish on executing its order book, despite concerns over raw material prices.

Texmaco scrips at Rs 46.80 were up 2.07 per cent over the previous close at the Bombay Stock Exchange.