Texmaco hits the roof on NTPC order buzz

DALAL STREET SPIKES

Texmaco stock was in the limelight closing after it touched the 5 per cent upper circuit limit. The winning of an order from NTPC has also generated interested in the counter.

The stock was frozen at Rs 197.45 with pending buy orders, dealer said. More than 25,000 shares changed hands at the counter in Monday's trading.

The company announced of winning an order worth Rs 38 crore for supply of 200 wagons from power major, NTPC. The company will supply these wagons to NTPC's power project in Bihar in next 27 months.

These are special electro-pneumatically operated bottom discharged hopper wagons meant for transportation of coal to thermal power plants, Texmaco said.

Texmaco is mainly into railway wagons for carrying goods, hydro-mechanical equipment for hydel projects, heavy engineering machinery for shipbuilding and bridge construction, and industrial boilers and machinery used in the oil and fertiliser industry.