Mumbai, Nov. 29 -- According to the company's exchange filing, the project is to be executed within 12 months from the date of issuance of the Letter of Acceptance.

The company clarified that neither its promoters nor the promoter group has any interest in the awarding authority, and the transaction does not qualify as a related-party deal under regulatory norms.

Texmaco Rail & Engineering (TEXMACO), a listed entity under the Adventz Group, is a prominent player in India's railway and infrastructure sector. The company operates through three core business segments: Freight Cars, Infra-Rail & Green Energy, and Infra-Electrical. The company specializes in manufacturing rolling stock, locomotive components, hydro-mechanical equipment, rail...