tiprankstipranks
Advertisement
Advertisement

Texmaco Rail Wins Rs 23.57 Crore Rail Equipment Order from Hindalco

Story Highlights
  • Texmaco Rail secured a Rs 23.57 crore Hindalco order to supply one BTAP rake and one brake van domestically.
  • The non-related-party contract will be executed within five months, strengthening Texmaco’s rail-equipment order book in India.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Texmaco Rail Wins Rs 23.57 Crore Rail Equipment Order from Hindalco

Claim 55% Off TipRanks

Texmaco Rail & Engineering Limited ( (IN:TEXRAIL) ) has shared an announcement.

Texmaco Rail & Engineering Limited has received a domestic order worth Rs. 23.57 crore from Hindalco Industries Limited for the supply of one BTAP rake and one brake van. The contract, which is not a related-party transaction, is scheduled to be executed within five months of the purchase order, adding to Texmaco’s order book and underscoring its role as a key supplier of specialized rail equipment to major industrial players in India.

More about Texmaco Rail & Engineering Limited

Texmaco Rail & Engineering Limited operates in the rail and infrastructure engineering sector, supplying rolling stock and related equipment to industrial and infrastructure clients. The company focuses on specialized wagons and rail solutions for domestic customers, supporting logistics and transportation needs across key industries in India.

Average Trading Volume: 143,812

Technical Sentiment Signal: Sell

Current Market Cap: 40.11B INR

Learn more about TEXRAIL stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1