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Texmaco Rail & Engineering Limited announced it has received two new orders totaling Rs 131.36 Crores, comprising Rs 24.48 Crores from Transport Corporation of India Limited and Rs 106.88 Crores from Touax Texmaco Railcar Leasing Private Limited, for the manufacture, supply, and commissioning of rail wagons. The orders, both domestic in nature, are to be executed within 16 weeks and by May 26, 2027, respectively, with Texmaco noting that the company is a promoter of Touax Texmaco Railcar Leasing Private Limited, but the transaction is being conducted at arm’s length and does not present a conflict of interest.
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