Financial Wire

Texmaco Rail Bags Order Worth INR236 Million for Railway Rake, Break Van; Shares Down 3%

-- Texmaco Rail & Engineering (NSE:TEXRAIL, BOM:533326) has secured an order worth 235.7 million Indian rupees from Hindalco Industries (NSE:HINDALCO, BOM:500440), according to a Sunday filing to the Indian stock exchanges.

The company's shares were down over 3% in early trade on Monday.

The contract is for the supply of one Bogie Tank Alumina Powder (BTAP) rake and one break van within five months.

BTAP rakes are specialized freight trains designed for the bulk transport of powder materials like calcined alumina and fly ash, while a brake van is a railway vehicle attached to the rear of freight trains.

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