1 hr ago
Texmaco Rail Gains After Two Railway Order Wins
Texmaco Rail won two orders related to railway wagons.
One order came from Transport Corporation of India.
The other came from Touax Texmaco Railcar Leasing Private Limited.
The Touax order is worth Rs.
106.88 crore.
It covers four groups of BFNS22.9 wagons and four BVCM wagons.
The other order covers one ACT-1 wagon group and one BVCM wagon.
After the news, Texmaco Rail’s share price rose about 3% to Rs.
119.70.
Texmaco Rail also makes freight cars and other railway equipment.
Texmaco Rail received two orders involving railway wagons from Transport Corporation of India and Touax Texmaco Railcar Leasing Private Limited.
The Touax Texmaco order, valued at Rs. 106.88 crore, covers four BFNS22.9 wagon rakes and four BVCM wagons.
The Transport Corporation of India order covers one ACT-1 wagon rake and one BVCM wagon, including manufacture, supply and commissioning.
Texmaco Rail shares rose 3% to Rs. 119.70 on Monday, while 0.90 lakh shares changed hands.
The company manufactures railway freight cars, locomotive components, steel structures and equipment for rail infrastructure projects.
- Who
- Texmaco Rail & Engineering, Transport Corporation of India, and Touax Texmaco Railcar Leasing Private Limited.
- What
- Texmaco Rail received two railway wagon orders involving manufacture, supply and, for one order, commissioning.
- Where
- The article does not specify the locations of the orders or their execution.
- When
- The share-price movement was reported on Monday; the article does not specify the order dates.
- Why
- The orders cover the production and supply of railway wagons, boosting sentiment toward Texmaco Rail and the railway sector.
Key facts
- Touax order value
- Rs. 106.88 crore
- Touax order scope
- Manufacture and supply of four BFNS22.9 wagon rakes and four BVCM wagons
- Transport Corporation order scope
- Manufacture, supply and commissioning of one ACT-1 wagon rake and one BVCM wagon
- Share price
- Rs. 119.70, up 3% on Monday
- Trading volume
- 0.90 lakh shares
- Reported turnover
- Rs. 1.06 crore
- Market capitalization
- Rs. 4,817 crore
Sources
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