Texmaco Rail & Engineering Limited — Board Meeting, 31-01-2025: Outcome of Board Meeting
31-01-2025 | 02:35 pm
31-01-2025 | 02:35 pm
The Board has approved the amalgamation of Texmaco West Rail Limited, its wholly-owned subsidiary, with the Company, contingent upon shareholder and regulatory approvals. The Board also decided to withdraw the previously approved demerger of the "Infra-Rail & Green Energy" division due to changing commercial considerations. For the quarter ended December 31, 2024, Texmaco’s consolidated income stood at ₹3,76,021.66 Cr, with a net profit of ₹13,665.45 Cr, reflecting the company’s operational performance amidst strategic adjustments.
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