Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Texmaco Rail & Engineering Ltd has received an order worth INR 132 crore from its joint venture, Touax Texmaco Railcar Leasing Pvt Ltd, to supply a full rake of BLSS and BVCM freight wagons. The contract, executed at arm's length, will be delivered in phases, with completion expected by July next year. The deal adds to the company's growing order book and reflects steady demand for rail freight wagons in India. It strengthens Texmaco Rail's position in manufacturing modern wagons for bulk material and versatile freight movement.
Texmaco Rail & Engineering Ltd recently announced that its joint venture, Touax Texmaco Railcar Leasing Pvt Ltd, has placed an order worth INR 132 crore for the supply of BLSS and BVCM freight wagons. The order, excluding taxes, is planned for phased execution with deliveries expected to be completed by July next year. Advertisement
In its stock exchange filing, the company clarified that this is a related party transaction, as it is a promoter of the joint venture. However, it emphasized that the contract was executed on an arm's length basis, maintaining standard commercial fairness.
BLSS wagons are specifically designed for bulk material handling, while BVCM wagons provide flexibility and durability in freight operations. The order reflects growing domestic demand for modern freight wagons and supports efficient logistics and material transportation.
Texmaco Rail has been producing a range of rolling stock, including freight wagons and coaches, for Indian Railways and private sector clients. Over recent years, the company has steadily expanded its manufacturing capacity and order book, benefiting from increased rail freight initiatives across the country.
The phased execution of this order allows Texmaco Rail to manage production schedules effectively and meet delivery timelines, strengthening operational planning for the coming months. This order builds on existing contracts and demonstrates continued interest from rail leasing platforms and infrastructure projects.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
