/ Texmaco Rail Soars 6%, Inks Pact With Lesico Group ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 5 July 2017

Texmaco Rail & Engineering soared over 6.64% at Rs 93.90 per share on BSE.

On Tuesday, Adventz Group had signed a USD 2 billion agreement with Israel’s Lesico group to collaborate in light rail transit (LRT) projects in Tel Aviv and Jerusalem. 

The MoU between Lesico and Adventz Group, under which the latter’s group company Texmaco Rail & Engineering Ltd will lend its expertise in building the Tel Aviv Metropolitan Area Mass-Transit System, will be a first for an Indian conglomerate. 

Texmaco’s role will involve laying of tracks, installation of signalling, electrification, power sub-stations, and command, control and communication equipment. 

Meanwhile, the stock on NSE attracted a traded volume of 27,58,356 shares and a traded value of 2,644.99 lakh on Wednesday’s intraday trade.

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