Mumbai, Feb. 17 -- According to an exchange filing, the contract involves the design, supply, installation, testing and commissioning of signalling equipment in connection with the construction of a proposed line under the Mumbai Suburban Railway Project (MUTP-IIIA).

The work is to be completed within 36 months from issuance of Notice to Proceed. The company also clarified that none of its promoters or promoter group members have any interest in the awarding entity. The company also confirmed that the contract does not qualify as a related-party transaction under applicable regulatory norms.

The company said the project is scheduled to be completed within 36 months from the date of issuance of the Notice to Proceed. Texmaco Rail clarifi...