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Texmaco Rail & Engineering Ltd. on Tuesday, March 31, said it has received an order worth ₹357.11 crore from JSW Group for the manufacture and supply of railway wagons and rakes.
The order includes the manufacture and supply of BLSS, BLCS and BFNV rakes along with BVCM wagons, the company said in an exchange filing.
The contract is domestic in nature and is to be executed over a period of 11 months from the effective date or commencement of work.
Texmaco Rail said the order does not fall under related-party transactions and that neither its promoter group nor associated entities have any interest in JSW Group.
The company added that the contract strengthens its order book in the rail freight segment, where it continues to execute supply contracts for private and industrial clients.
In February this year, Texmaco Rail received a ₹219.18 crore contract from Mumbai Railway Vikas Corporation Ltd (MRVC) for the design, supply, installation, testing and commissioning of signalling equipment in connection with the construction of a proposed suburban railway line under the Mumbai Urban Transport Project (MUTP-IIIA).
