Award1 Sept 2026, 01:20 pm
Texmaco Rail Secures USD 135 Million Locomotive Order
AI Summary
Texmaco Rail & Engineering Ltd has received a Letter of Award worth USD 135 Million from Tsiko Africa Logistics (Pty) Ltd. together with Barberry Holdings (Pty) Ltd. The contract is for the Design, Manufacture, Supply, and Commission of Wabtec ES43ACi – 4,500 HP Diesel-Electric Locomotives. The execution period for this international order is estimated to be within 20 to 24 months from the signature of the Definitive Agreement. The consideration is exclusive of applicable taxes and duties. This significant award underscores the company's capabilities in the international locomotive manufacturing sector.
Key Highlights
- Secured a major international order valued at USD 135 Million.
- Contract involves design, manufacture, supply, and commissioning of locomotives.
- Execution timeline set for 20-24 months post-agreement.
- No promoter or group company interest in the awarding entities.
- Order does not fall under related party transactions.
Price Impact
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