The company said it won a Rs 219.18 crore contract from Mumbai Railway Vikas Corporation Ltd (MRVC) for the design, supply, installation, testing, and commissioning of signalling systems for a proposed suburban railway line under the Mumbai Urban Transport Project (MUTP-IIIA).
The order involves end-to-end execution of advanced signalling equipment and associated systems for the new Mumbai suburban corridor and is scheduled for completion within 36 months from the issuance of the notice to proceed.
Further, Texmaco Rail & Engineering also secured a contract from South Western Railway for comprehensive annual maintenance and breakdown restoration of overhead equipment (OHE) and power supply installations across the Mysore Division.
The two-year contract covers 1,046 track kilometres (TKM) of electrification infrastructure and related electrical assets, with a total order value of Rs 27.67 crore (inclusive of GST), or approximately Rs 23.45 crore excluding GST.
Under the mandate, Texmaco will undertake routine, preventive, and emergency maintenance to ensure reliable and uninterrupted traction power operations. With these latest wins, the company’s cumulative OHE and power supply maintenance portfolio has expanded to 3,702.62 TKM across multiple railway divisions and corridors of Indian Railways, including the Bengaluru Division and select sections of the Dedicated Freight Corridor Corporation of India Limited, further strengthening its presence in railway electrification services.
Texmaco Rail Q3 snapshot
The rolling stock manufacturer reported a net profit of Rs 42.8 crore for the third quarter, down 44.2% year-on-year from Rs 76.7 crore in the same period last year.
Revenue for the quarter fell 21.5% to Rs 1,041 crore, compared with Rs 1,326 crore a year ago. EBITDA declined 32.6% year-on-year to Rs 88.3 crore from Rs 131 crore in the same quarter, while the EBITDA margin narrowed to 8.5% from 9.9% in the year-ago period.
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