Texmaco Rail & Engineering Limited has secured a contract worth USD 62.24 million (approximately INR 535 crore) from CAMALCO SA, a Cameroon-based company. The agreement includes the manufacture and supply of 560 open-top wagons valued at USD 32.76 million, along with a long-term maintenance contract worth USD 29.48 million over 20 years.
The wagon order will be executed in two phases within 24 months from the date of the purchase order. In addition, the contract includes a provision for a follow-up order of 1,040 additional wagons over the next five years, which would be accompanied by corresponding long-term maintenance services.
Texmaco Rail confirmed that there is no related-party transaction or promoter involvement in the awarding entity.
Texmaco Rail & Engineering Limited is an Indian company involved in the design, manufacture, and supply of railway freight cars, hydro-mechanical equipment, and industrial infrastructure.
