Texmaco Rail & Engineering rose 2.94% to Rs 47.20 after the company said it received an order worth Rs 6,450 crore from Indian Railways for delivering 20,067 wagons.
Texmaco Rail & Engineering said the order is to be executed over a period of thirty-nine months. The company bagged the order against the recent Railway tender for wagons issued by the Indian Railways.The company's board will consider Q4 results on 20 May 2022. On a consolidated basis, net profit of Texmaco Rail & Engineering declined 91.46% to Rs 1.63 crore on 2.65% rise in net sales to Rs 470.47 crore in Q3 December 2021 over Q3 December 2020.
Texmaco Rail & Engineering is a multi-discipline, multi-unit engineering and infrastructure company, with 5 manufacturing units extending over 170 acres in the outskirts of Kolkata.
The company's current market capitalisation stands at Rs 1,522.44 crore.
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