Texmaco Rail & Engineering Limited (NSE: TEXRAIL, Scrip Code: 533326, ISIN: INE621L01012) has announced a fresh domestic contract win valued at ₹130.22 crore (inclusive of taxes).
The regulatory update, filed as a new announcement with SEBI on May 8, 2026, notes that the contract was officially finalized on May 7, 2026, at 4:02 PM. The transaction falls within the company’s ordinary course of business.
Key Deal Specifications
Awarding Entity: Kochi Metro Rail Limited
Jurisdiction: India (Domestic)
Contract Value: ₹130.22 crore (including taxes)
Project Scope: Design, supply, installation, testing, and commissioning of ballastless track systems
Execution Timeline: To be completed within 16 months from the date of issuance of the Letter of Acceptance (LoA)
Detailed Project Scope
Under the finalized terms, Texmaco Rail & Engineering will be responsible for the comprehensive rail infrastructure development of the Phase 2 Corridor of the Kochi Metro Rail Project. The specific operational deliverables include:
The full design, supply, installation, testing, and commissioning of ballastless tracks.
Provisioning of standard gauge connections tailored for the elevated section of the network.
Governance & Compliance Clearances
To comply with continuous market disclosure standards, Texmaco outlined the following clear corporate governance checkpoints:
No Related-Party Conflict: The agreement does not classify as a “related-party transaction” under prevailing Indian corporate legal frameworks.
No Internal Stake: Texmaco’s promoters, promoter group, or associated group companies have no financial or operational interest in Kochi Metro Rail Limited.
Independent Counterparty: The counterparty is an unlisted domestic entity that does not belong to the group companies of any other Indian listed firm.