Award12 May 2026, 08:01 pm
Texmaco Rail Bags ₹4,045 Cr Order from Tsiko Africa
AI Summary
Texmaco Rail & Engineering Ltd. has received a Letter of Award worth over ₹4,045 crores from Tsiko Africa Logistics (Pty) Ltd. and Barberry Holdings (Pty) Ltd. The order, valued at USD 430,572,749 (equivalent to INR 4045 crores), is for Rolling Stock Freight Wagons/ Locomotives/Components and long-term maintenance. The order is from an international entity and is to be executed by 2027-2028. This contract does not fall under related party transactions, and the promoter group has no interest in the awarding entity.
Key Highlights
- Texmaco Rail secures ₹4,045 Cr order from Tsiko Africa Logistics and Barberry Holdings.
- The order includes Rolling Stock Freight Wagons/Locomotives/Components and long-term maintenance.
- The contract is valued at USD 430,572,749, equivalent to ₹4,045 crores.
- The order is international and to be executed by 2027-2028.
- The transaction is not a related party transaction.