Texmaco Rail & Engineering receives Rs 4.71 crore LOI from Mangalore Coal Terminal
The company disclosed a Letter of Intent worth Rs 4.71 crore for design, supply, erection, testing and commissioning of 25 kV overhead electrical equipment, to be completed within 12 months.
What Texmaco Rail & Engineering announced
On 27 June 2026, Texmaco Rail & Engineering Limited (NSE: TEXRAIL) informed the stock exchanges that it had received a Letter of Intent (LOI) from Mangalore Coal Terminal Private Limited. The LOI is valued at Rs 4.71 crore, inclusive of taxes, for the design, supply, erection, testing and commissioning of 25 kV, 50 Hz overhead electrical equipment.
"Mangalore Coal Terminal Private Limited has issued Letter of Intent of Rs. 4.71 crores for work relating to Design, Supply, Erection, Testing & Commissioning of 25KV, 50Hz Over Head Electrical Equipment." – Texmaco Rail & Engineering filing, 27 June 2026
The company filed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Order specifics
- Awarding entity: Mangalore Coal Terminal Private Limited (domestic private company).
- Scope of work: Complete lifecycle services – design, supply, erection, testing and commissioning – for 25 kV, 50 Hz overhead electrical equipment.
- Contract value: Rs 4.71 crore (including taxes).
- Execution timeline: The work is to be completed within 12 months from the effective/commencement date.
- Related‑party status: The order is not a related‑party transaction and the promoters have no interest in the awarding entity.
Key facts at a glance
| Detail | Value |
|---|---|
| Company | Texmaco Rail & Engineering Limited |
| NSE Ticker | TEXRAIL |
| Filing date | 27 June 2026 |
| Order type | Letter of Intent (non‑binding) |
| Awarding party | Mangalore Coal Terminal Private Limited |
| Contract value | Rs 4.71 crore (incl. taxes) |
| Scope | Design, supply, erection, testing & commissioning of 25 kV, 50 Hz overhead electrical equipment |
| Execution period | Within 12 months |
| Related‑party | No |
| Promoter interest | No |
| Source | SEBI Regulation 30 filing, NSE website |
Why this matters for investors
The LOI adds a new domestic contract to Texmaco Rail & Engineering’s order book, indicating continued demand for its rail‑related engineering services. Because the transaction is non‑related‑party and does not involve any equity issuance, there is no immediate dilution or conflict of interest for shareholders. The 12‑month execution horizon suggests the revenue, once recognized, will be spread over the next fiscal year, potentially supporting the company’s top‑line growth trajectory.
Conclusion
Texmaco Rail & Engineering has formally disclosed a Rs 4.71 crore LOI from Mangalore Coal Terminal for overhead electrical equipment work, to be completed within a year. The order is domestic, free of related‑party concerns, and does not entail any share‑based consideration. The contract will be reflected in the company’s order‑book metrics, while final revenue recognition will depend on successful execution within the stipulated period.
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