en.Wedoany.com Reported - Texmaco Rail & Engineering has received a Letter of Acceptance from South Central Railway for a contract valued at Rs 265.6 million (Rs265.6 mn). The contract covers comprehensive signaling and telecommunications works for automatic block signaling and the Kavach system, with a completion period of 12 months. The company stated that the order is from a domestic entity and does not involve related party interests.

With this new order, the outstanding order book (including taxes) of Texmaco Rail's Infra Rail and Green Energy division has reached Rs 11.60 billion (Rs11.60 bn). The company emphasized that the promoter or promoter group has no interest in the awarding entity and that this order does not constitute a related party transaction.

In May this year, the company secured an international rolling stock opportunity through a Letter of Award from a South African railway operating company, valued at over Rs 40.45 billion (Rs40.45 bn). The collaboration involves supplying more than 2,235 freight wagons of various types and 30 diesel locomotives, along with a proposed 15-year long-term maintenance partnership. Texmaco Rail described this opportunity as one of its largest international rolling stock orders and a key milestone in its global expansion plans. Management expects that domestic and international orders will jointly enhance manufacturing utilization and lifecycle service revenue in the coming years.