Texmaco Rail Secures Orders Worth ₹131.36 Cr

Texmaco Rail & Engineering Ltd has announced the receipt of two significant orders totaling ₹131.36 Crores, inclusive of taxes. The orders come from Transport Corporation of India Limited for ₹24.48 Crores and Touax Texmaco Railcar Leasing Private Limited for ₹106.88 Crores. The scope of work involves the manufacture, supply, and commissioning of various types of wagons. The order from Transport Corporation of India is to be executed within 16 weeks from the date of the Letter of Intent (LOI). The order from Touax Texmaco Railcar Leasing Private Limited is to be executed by May 26, 2027. Notably, Texmaco Rail & Engineering Ltd has an interest in Touax Texmaco Railcar Leasing Private Limited as one of its promoters, and the transaction is conducted on an arm's length basis.