Newsletter
Texmaco Rail shares jumped as high as 9% in the morning trade after the company announced two fresh railway orders.
The deets:
- ₹219 crore Mumbai suburban signalling project
The order is from Mumbai Railway Vikas Corporation (MRVC) to design, supply, install, test and commission signalling systems.
This is part of a project to add and upgrade railway lines so Mumbai’s crowded local trains can run more smoothly and carry more people.
- ₹28 crore maintenance order from South Western Railway
The company also secured a two-year contract for maintaining overhead electrification and power supply systems in the Mysore Division. The work spans 1,046 track kilometres, covering electrification infrastructure and related assets.
