Title - Texmaco-UGL venture starts production

KOLKATA : 
Texmaco Rail and Engineering Ltd said its joint venture project with UGL Rail, Australia has begun production. The venture has secured export orders for loco bogie frames from Kazakhstan and Queensland Rail.The first shipment to Kazakhstan was made in Q1 FY14, according a company note. During the year, Texmaco Rail executed export orders worth Rs 94.1 crore.It reported a net profit of Rs 8.86 crore in Q4 FY13 against Rs 29.24 crore in Q4 FY12. Net profit during the quarter stood at Rs 94.27 crore (Rs 93.06 crore).The company’s board recommended a dividend of 100 per cent for a share of Re 1 each.