
Texmaco Rail bags Rs 47.77 crore order for Wagons from UltraTech Cement
According to the company's regulatory filing, the order is to be fulfilled by mid-October 2025.
The order has been awarded by a domestic entity—UltraTech Cement—and does not involve any related party transactions. Texmaco also confirmed that the promoter group does not hold any interest in UltraTech Cement.
This development adds to Texmaco's robust order book and reaffirms its standing in the Indian rail engineering and wagon manufacturing sector.
In the meantime, on June 25, the company secured a major international deal from CAMALCO SA, Cameroon, marking a key milestone in its global push. The company received a Letter of Intent on June 24 for a contract worth $62.24 million (approx. ₹535 crore). The deal includes supplying 560 open-top wagons valued at $32.76 million and a 20-year maintenance contract worth $29.48 million. Production will take place in two phases over 24 months. The agreement also leaves room for a future order of 1,040 additional wagons over five years.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Upturn
40 minutes ago
- Business Upturn
Kotak Mahindra Bank shares drop over 5% after Q1 profit falls 47.5% YoY to Rs 3,282 crore, GNPA at 1.48% vs 1.39% QoQ
By Aman Shukla Published on July 28, 2025, 09:18 IST Kotak Mahindra Bank shares tumbled over 5% on Monday after the private lender posted a sharp 47.5% year-on-year (YoY) drop in net profit for the quarter ended June 30, 2025 (Q1 FY26). As of 9:16 AM, the shares were trading 5.18% lower at Rs 2,014.50. The bank reported a consolidated profit of ₹3,281.68 crore for the quarter, down from ₹6,249.82 crore in Q1 FY25, largely due to the absence of a one-time exceptional gain of ₹3,519.90 crore recorded in the same quarter last year. Despite the profit decline, core business metrics remained steady. Net Interest Income (NII) rose 6% YoY to ₹7,259 crore, reflecting healthy lending activity and stable margins. Total income for the quarter stood at ₹16,916 crore, up from ₹15,675 crore a year ago. Operating profit before provisions grew to ₹5,563.69 crore from ₹5,254.11 crore YoY. However, higher provisions and contingencies, which surged to ₹1,207.76 crore from ₹578.48 crore YoY, weighed on overall profitability. Asset quality showed a slight deterioration sequentially. Gross NPAs rose to ₹6,637.70 crore (1.48%) from ₹5,477.15 crore (1.39%), while Net NPAs stood at ₹1,530.93 crore (0.34%) versus ₹1,376.33 crore (0.35%) in the previous quarter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at


Business Upturn
40 minutes ago
- Business Upturn
CDSL shares drop 3% as Q1 net profit falls 23.6% YoY to Rs 102.4 crore, EBITDA down 15.1%
By Aman Shukla Published on July 28, 2025, 09:23 IST Shares of Central Depository Services (India) Ltd (CDSL) declined over 3% in Monday's trade after the company posted a sharp drop in net profit for the June quarter (Q1 FY26). As of 9:21 AM, the shares were trading 2.88% lower at Rs 1,568.20. CDSL reported a 23.6% year-on-year (YoY) decline in net profit at ₹102.4 crore, compared to ₹134 crore in the same period last year. While revenue remained flat, rising marginally by 0.6% to ₹259 crore from ₹257.4 crore, the company's operating performance took a hit. EBITDA came in at ₹130.6 crore, down 15.1% YoY, while EBITDA margin dropped to 50.44% from 60% a year ago, indicating pressure on profitability despite steady top-line growth. CDSL shares traded between ₹1,549.00 and ₹1,580.00 today. The stock opened at ₹1,550.00, slightly lower than its previous close of ₹1,614.70. It remains well above its 52-week low of ₹1,047.45 but below the 52-week high of ₹1,989.80. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at


New York Post
12 hours ago
- New York Post
Why top NYC restaurants are bringing in famed chefs from around the world
Top New York City restaurants are increasingly turning to collaborations with renowned chefs from around the globe to boost business and stand out from high-end rivals, Side Dish has learned. The collabs, while not a new phenomenon, have taken on added importance as President Trump's tariffs create challenges for chefs to source some of their favorite ingredients. However, importing talent from all corners of the globe – which at popular Tribeca haunt l'abeille means bringing in chefs from England, France, Belgium, Japan, Hong Kong and Thailand – remains tax-free. 7 l'abeille in Tribeca is importing talent from all corners of the globe. Eric Vitale Photography 'Global residences help everyone grow and learn — from the guests to the staff. They keep the restaurant interesting,' said Howard Chang, co-owner of Kuma Hospitality Group's l'abeille with partners Rahul Saito and executive chef Mitsunobu Nagae. The dinners these top chefs serve up at ticketed events aren't cheap. At a recent, prix-fixe collab dinner at l'abeille, Nagae worked with London-based chef Chet Sharma, who studied physics at Oxford and now helms the standout Indian-themed restaurant BiBi in London's swanky Mayfair neighborhood. The meal cost $325, with an additional $295 for wine pairings. The exclusive events, however, often don't bring in more money than regular a la carte dinners, restaurateurs told Side Dish. That's because the higher prices are offset by the cost of flying in the foreign-based chefs, along with some of their team members, and putting them all up in hotels. 7 Chet Sharma, left, and Mitsunobu Nagae collaborated on a prix-fixe dinner. Eric Vitale Photography 7 The collabs, while not a new phenomenon, have taken on added importance as President Trump's tariffs create challenges for chefs to source some of their favorite ingredients. Eric Vitale Photography The upside, they say, is that global collabs raise the restaurants' profiles, bring in new diners and offer educational benefits for staff. On the Upper East Side, Sushi Noz's executive chef Nozomu Abe is bringing in Michelin-starred Chef Endo Kazutoshi, a third-generation sushi master who trained in Japan before opening his namesake restaurant, Endo, at the Rotunda in London. 7 At Sushi Noz on the Upper East Side, executive chef Nozomu Abe, left, is bringing in Michelin-starred Chef Endo Kazutoshi. Hannah Wyatt Last week, the pair offered a rare collaborative omakase where they presented their culinary visions through the use of local fish and other influences. 'We started the Japan series in 2019,' said Hannah Wyatt, Sushi Noz's operations manager. 'Our goal was to showcase top chefs from Japan through collaborative dinners with chef Noz, with a focus on sushi and kaiseki chefs at the top of their respective fields.' In Williamsburg, Brooklyn, the owners of Layla's began bringing in chefs during COVID and continue to have pop-ups for 'brand exposure.' 7 The dinners these top chefs serve up at ticketed events aren't cheap. Eric Vitale Photography 7 The exclusive events, however, often don't bring in more money than regular a la carte dinners, restaurateurs told Side Dish. Eric Vitale Photography The most recent international collab involved chef Kyle Garry and chef Whyte Rushen of Whyte's in London, who is now on a 'worldwide' tour. 'We did it once, and it was really successful and fun and now it's something we try to do as often as we can,' Samuel Lynch, one of Layla's co-owners along with Stefano D'Orsogna and David Lacey, told Side Dish. The trend has even extended to the Hamptons, where Mavericks Montauk will welcome the crew from Michelin-starred Parisian restaurant Contraste on July 31. 7 The upside, they say, is that global collabs raise the restaurants' profiles, bring in new diners and offer educational benefits for staff. Interior of l'abeille, above. Eric Vitale Photography The collaboration was made possible by the deep-rooted friendship between Mavericks' pastry chef Remy Ertaud and Contraste's Louis De Vicari. We hear … that celeb chef Scott Conant is opening a posh new Italian restaurant, Leola, in the Bahamas at Baha Mar this fall. Leola will be on the casino level of Grand Hyatt Baha Mar, joining hotspots including Jon Batiste's Jazz Club, Marcus Samuelsson's Marcus at Baha Mar Fish + Chop House, Daniel Boulud's Cafe Boulud, and Dario Cecchini's Carna. The 8,800 square foot space comes with 106 seats in the main dining room and 130 seats outside. 'Bringing Leola to life at Baha Mar is something I've dreamed about for a long time,' Conant said. 'I've always been inspired by the beauty and spirit of the Bahamas, and it felt like the perfect place to create a restaurant that's both personal and inviting. With Leola, we're blending the kind of food and hospitality I love—warm, soulful, and rooted in connection.' Conant will also participate in the Fourth Annual Bahamas Culinary & Arts Festival, which runs from Oct. 22-26.