In a statement, Texmaco said it has entered into definitive agreements with Jindal Rail & Infrastructure Limited (JRIL), JITF Urban Infrastructure Services Limited, and Siddeshwari Tradex Private Limited for the acquisition of 100 per cent share capital of JRIL on a fully diluted basis.
The fund will be raised through a preferential issue of convertible warrants to group companies, subject to approval, it said.
These products will play a crucial role in assisting Indian Railways in reaching its emission reduction targets while also enhancing operational efficiency.
The agency has lowered Texmaco's long-term issuer rating to 'IND A' from 'IND AA-' and has simultaneously placed it on 'Rating Watch Negative' (RWN).
Higher Capex for Railways likely to benefit Titagarh Wagons, Texmaco, Timken India, SKF India, Titagarh Wagons Limited, Texmaco.
The city-based firm posted a net profit of Rs 12.8 crore in the quarter ended September as against Rs 8.3 crore loss in the corresponding quarter a year ago.
Here are few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Havells, Surya Roshni, Reliance Capital, Max India, Eicher, TVS Motor, Nahar Spinning, Nahar Capital, Texmaco and Texrail
The Rail Budget has tried to ensure continuity in policies for completion of ongoing projects along with an attempt at PPP in the current financial plan, says Sandeep Fuller.
Here's how small cap stocks opened on September 27
Senior vice president and chief financial officer, AK Vijay told CNBC-TV18 that Kalindee's revival depends on strong technical and financial partner and Texmaco is confident of providing that.
Shares of Railway companies on Wednesday traded mixed post the Rail Budget announcement.
Shares of companies related to the Indian Railways network were in focus today in the wake of the annual Union Rail Budget, while stocks like Kalindee Rail Nirman and Texmaco witnessed hectic buying.
Sudarshan Sukhani, s2analytics.com feels that one can buy Texmaco at current level.
IOC | Bharti Airtel | ONGC | Marico | Sesa Goa | Usha Martin Education | Raymond | Ackruti City | Ranbaxy | Texmaco | Sun TV and TTML are stocks, which are in the news today.
Texmaco has reported a sales turnover of Rs 11.09 crore and a net profit of Rs 9.30 crore for the quarter ended Sep '11
Texmaco promoters have bought 5 lakh shares from open market, reports CNBC-TV18. It touched an intraday high of Rs 33.45 and an intraday low of Rs 31.35. At 14:55 hrs the share was quoting at Rs 32.15, down Rs 0.35, or 1.08%.
As the upcoming week is the stress test for the market to reveal whether the rally has any real steam on the upside, Madhumita Ghosh from Unicon Financial Intermediaries shares her expert call on various stocks queries posted through Moneycontrol.com's initiative 'Know Your Investment' (KYI).
On August 08, 2011 SBI Mutual Fund sold 1,000,759 shares of Texmaco at Rs 28 on the BSE and sold 3,745,880 shares at Rs 28 on the NSE.
Texmaco has reported a sales turnover of Rs 3.90 crore and a net profit of Rs 2.30 crore for the quarter ended Jun '11
Railway stocks were trading firm post two major mishaps in last 1 week. At least 63 passengers were killed and about 250 injured when 15 bogies of a speeding Delhi-bound Kalka Mail derailed yesterday -- the second major train mishap in a week in Uttar Pradesh.
In an interview with CNBC-Awaaz, Rajendra Patel of Highsight Capital Market gave his top six trading picks.
AK Vijay, Sr VP- Commercial & CFO, Texmaco, in an interview on CNBC-TV18, spoke about the latest happenings in his company and sector.
Shares of private sector wagon makers Titagarh Wagons, Texmaco and Kalindee Rail plunged 4-8% as the Railway Budget for 2011-12 did not provide much clarity on implementation of the proposed rail projects.
Failing to get a boaster from Mamata Banerjee in the railway budget, railway stocks have continued their downward journey. In the morning, the stocks were down in 1-4% range, a little better than yesterday (down in 3-6% range).
In an interview with CNBC-TV18, SP Tulsian, sptulsian.com, speaks about railway and sugar stocks.