Shares of Texmaco Rail and Engineering Ltd ralled 4% on Tuesday, 17 December 2024, after the business said that it had secured an order for about Rs 187.41 crore from Chhattisgarh State Power Transmission Business Limited.

In an exchange filing, Texmaco Rail said, “We write to inform you that the company has received an order for construction of 09 (nine) No.132KV transmission lines on turnkey basis (Total RL: 291 km approx.) valuing Rs. 187.41 crores approx. from Chhattisgarh State Power Transmission Co. Ltd., a Government of Chhattisgarh.”

As per Texmaco Rail’s statement, the business will be responsible for the construction of nine (9) 132KV transmission lines on a turnkey basis, totalling about 291 kilometres in RL, in compliance with the order. 

According to Texmaco Rail, the order has a fifteen-month turnaround time.
 
Texmaco Rail & Engineering, a component of the Adventz Group, is a leading infrastructure engineering company with a diverse portfolio. The company’s areas of expertise include rolling stock, steel castings, hydro-mechanical equipment, bridges, and other steel structures, in addition to rail EPC projects.

Established in 1998 after the demerger of Texmaco Limited, which had been in operation since 1939, Texmaco Rail & Engineering has expanded from its original focus on heavy engineering and steel foundry to its present diverse business sectors.

The company’s customers include rolling stock components such as coaches, bogies, loco shells, metro tracks, and high-capacity freight wagons. The building of steel bridges, flyovers, and hydro-mechanical equipment like gates and hoists for power projects also requires it.

At 12:20 pm, the shares of Texmaco Rail were trading 2.02% higher at Rs 233.80 on NSE. 

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