Texmaco Secures Rs. 571.5 mn Order From Vedanta Aluminium Metal

11 May 2026 CW Team

Texmaco Rail & Engineering has disclosed that Vedanta Aluminium Metal Limited has awarded it an order worth Rs. 571.5 million (mn) for the supply and commissioning of two BTAP rakes and two BVCM. The disclosure was filed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements and submitted to the National Stock Exchange and BSE. The order has been described as domestic and covers design, supply and commissioning services and forms part of the company's order book and contract obligations include warranty and maintenance provisions.

The order specifies the delivery schedule in two phases. The first rake, which comprises 53 wagons and one BVCM, is to be delivered within six months from the effective date. The second rake is to be delivered within eight months from the effective date. The effective date is noted as eight May 2026 and the contract price is stated to include taxes and specified timelines for testing.

The company has recorded the order value as Rs. 571.5 mn in its filings, with the disclosure listing the value including taxes and recorded in stock exchange filings. It has confirmed that neither the promoter nor promoter group has any interest in the customer and that the transaction does not qualify as a related party transaction. The filing was signed by the company secretary and compliance officer, Sandeep Kumar Sultania, and submitted for information and record.

Texmaco noted the order will be executed domestically and forms part of its rolling stock operations. The company outlined the scope as supply and commissioning and included timelines for testing and handover. No new payments or forecasts were disclosed and no promoter related interest was indicated. The company is listed on the National Stock Exchange as TEXRAIL and on BSE under scrip code 533326 for public market disclosure records.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..