New Delhi, March 31 -- Texmaco Rail & Engineering Limited has secured a significant contract from the JSW Group for the manufacture and supply of freight wagons. According to Texmaco, the total value of the order stands at approximately Rs 421.38 crore, which includes Goods and Services Tax (GST). The base value of the contract, excluding taxes, is pegged at Rs 357.11 crore.

The Kolkata-headquartered company received a Letter of Intent (LOI) from JSW Group Companies for the production of 20 rakes of freight wagons. The order comprises various specialized rolling stock, including BLCS wagons, BLSS wagons, and BFNV wagons. To ensure operational safety and functionality, the contract also includes the supply of BVCM brake vans, which are es...