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

Wednesday, 5 July 2017

On BSE, Texmaco Rail & Engineering soared over 6.64% at Rs 93.90/share. A advent group with Israel’s Lesico Group signed an agreement of USD 2 billion to collaborate in a light rail transit project in Tel Aviv and Jerusalem.

This MoU between both the groups are under which the letter’s group company Texmaco will lend its expertise in building the Tel Aviv Metropolitan Are Mass-Transit System, will be a first for an Indian conglomerate.

The role of company involves laying of tracks, electrification, Command, control, installation of signaling, power sub-station and communication equipment. While on Wednesday Intraday trade on the NSE, Stock attracted a traded volume of 27,58,356 shares and a traded value of Rs 2,644,99 lakh.

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