Texmaco Rail & Engineering has received an award of order valuing Rs 1.10 billion for design, manufacture, supply, installation, testing and commissioning of Automatic Fare Collection System (AFC) from Mumbai Metro Rail Corporation.

Further, the Company has received LOI for 12 rakes of BLC type wagons valuing Rs 1.52 billion.

Shares of the company gained Rs 0.65, or 1.1%, to trade at Rs 59.65. The total volume of shares traded was 57,556 at the BSE (12.02 p.m., Wednesday).