Texmaco Rail & Engineering Ltd. has been awarded a Letter of Acceptance from Rail Vikas Nigam Limited (RVNL) for a project valued at ₹129.09 crore. The project involves the design, supply, erection, testing, and commissioning of 2*25 KV Traction Over-Head Equipment and associated activities at the Yavatmal-Digras section of the Nagpur Division in Central Railways.
The details of the order are as follows:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | M/s. Rail Vikas Nigam Limited |
| Significant terms and conditions of order(s)/contract(s) awarded in brief | Design, Supply, Erection, Testing and Commissioning of 2*25 KV Traction Over Head Equipment and associated activities at Yavatmal-Digras section of Nagpur Division in Central Railways. |
| Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic |
| Nature of order(s) / contract(s) | Design, Supply, Erection, Testing and Commissioning of 2*25 KV Traction Over Head Equipment and associated activities at Yavatmal-Digras section of Nagpur Division in Central Railways. |
| Whether domestic or international | Domestic |
| Time period by which the order(s) / contract(s) is to be executed | To be completed within 18 months from the commencement date of the work. |
| Broad consideration or size of the order(s)/contract(s) | ₹129.09 crore (inclusive of all taxes) |
| Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/ contract(s)? If yes, nature of interest and details thereof | No |
| Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arm's length" | No |
The project is to be completed within 18 months from the commencement date. The order value of ₹129.09 crore is inclusive of all taxes.
Texmaco Rail & Engineering Ltd. has confirmed that there is no interest of the promoter, promoter group, or group companies in Rail Vikas Nigam Limited. Furthermore, the order does not constitute a related party transaction.
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