Texmaco Wins Big: ₹36.27 Cr Order for Auto Carrier Wagons
Big news from the rail sector! Texmaco Rail & Engineering Limited (TEXRAIL) has just announced a significant order win that’s set to boost its manufacturing pipeline. 🚀
The company has secured a substantial order valued at ₹36,27,70,000 (that’s over ₹36 crore!) from Transport Corporation of India Limited (TCI). This isn’t just any order; it’s for two rakes of their newly developed Auto Car Taller Wagon (ACT-3). Each rake will comprise 54 ACT-3 type wagons and 2 BVCM wagons.
What makes these ACT-3 wagons special? Texmaco designed them specifically to meet evolving market and customer needs, capable of carrying a variety of vehicles including SUVs, small trucks, and tractors. This highlights Texmaco’s innovation in developing solutions for modern logistics challenges. 🚚🚗🚜
But wait, there’s more! This initial order for two rakes comes with an exciting provision for a further order of eight similar rakes. This potential expansion is contingent on the performance of the initial delivery and prevailing market conditions, offering a promising outlook for Texmaco’s future order book.
The execution of this domestic order is expected to be completed within 24 months. It’s also worth noting that this is a straightforward business transaction, confirmed not to involve any related party dealings or promoter interests.
This order underscores Texmaco’s position as a key player in India’s rail and engineering sector, contributing to the nation’s infrastructure and logistics capabilities. Keep an eye on how this development unfolds! ✨
source: Corporate Announcement
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