Shares of Texmaco Rail & Engineering Ltd have been buying and selling within the inexperienced and 1% increased on 29 Might after the corporate introduced a Rs 140 crore order for multi-purpose wagons.
Texmaco Rail obtained the order from the Railway Board underneath the Ministry of Railways on 28 Might, in keeping with an trade submitting.
Furthermore, this settlement requires the manufacturing and provide of eight rakes of flat multi-purpose wagons. Texmaco Rail is scheduled to execute the order throughout the subsequent six months.
In February of this yr, Texmaco Rail and Polish know-how agency Nevomo inked a Memorandum of Understanding (MoU). This settlement included the event of next-generation Magrail know-how, linear propulsion programs, and AI-powered railway advances.
The railway firm’s web revenue decreased by 12% to Rs 40 crore within the March quarter, in comparison with Rs 45 crore in the identical interval the earlier yr.
Texmaco Rail’s income elevated by 17.5% to Rs 1,346.4 crore, whereas EBITDA improved by 14.7% to Rs 97.6 crore.
At 1:46 pm, the shares of Texmaco Rail have been buying and selling 1.05% increased at Rs 161.45 on NSE.
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