Texmaco Rail Surge 6 Per cent On Order From DFCCIL

Posted By:

Shares of the Texmaco Rail surged more than 6 per cent on Friday after the company said that it has signed contracts for Signaling and Telecommunication System from Dedicated Freight Corridor Corporation of India (DFCCIL).

Texmaco Rail along wit three companies has won order worth Rs 1,800 crore.

Texmaco Rail Surge 6 Per cent On Order From DFCCIL
Texmaco Rail & Engineering: Quotes, News
BSE 106.80BSE Quote4.95 (4.63%)
NSE 106.30NSE Quote4.3 (4.05%)

"A four-company consortium of Texmaco Rail & Engineering, Hitachi Japan, Mitsui & Company and Hitachi India has won a contract for design and construction of signal & telecom works of STP5 project," says the Kolkata-based rail solution company in its fling to exchange.

STP5 is a part of the dedicated freight corridor traversing India's biggest industrial cluster between Delhi and Mumbai.

For this project, consortium leader Hitachi Japan will manufacture key equipment for signaling system and Mitsui will provide overall coordination with DFCCIL. Hitachi India and Texmaco will supply domestic equipment. Texmaco will also carry out installation.

Shares of the company were seen trading at Rs 147, higher by 8.8 per cent on BSE at 12.29 pm IST. IT touched an intra-day high of Rs 149.90 during the trade.

Goodreturns.in

Read more about: texmaco rail
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?