Texmaco Rail & Engineering secures LOA for Electric Locomotives worth USD 135 Million

Kolkata, 1 September: Kolkata-based Texmaco Rail & Engineering Limited has announced that Tsiko Africa Logistics (Pty) Ltd., together with Barberry Holdings (Pty) Ltd., has issued a Letter of Award of USD 135 million for the design, manufacture, supply, and commissioning of TYPE: Wabtec ES43ACi – 4,500 HP Diesel-Electric Locomotives.

The timeline to complete the order is within 20 to 24 months from signature of the Definitive Agreement. The size of the order is USD 135 million exclusive of applicable taxes and duties.

Texmaco Rail & Engineering Ltd. is an Indian engineering and infrastructure company that is primarily engaged in manufacturing railway wagons, coaches, and locomotives, as well as providing related services.

Shares of Texmaco Rail are trading higher by 3.33% at Rs 112.58 at BSE.