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Business Upturn
26-06-2025
- Business
- Business Upturn
Texmaco Rail shares rally 8% on major export order from CAMALCO SA, Cameroon
Texmaco Rail & Engineering shares surged 8% in morning trade on June 26 after the company announced a significant international order win from CAMALCO SA, Cameroon. As of 9:15 AM, the shares were trading 6.81% higher at Rs 185.19. The company received a Letter of Intent dated June 24, 2025, for a contract worth USD 62.24 million (approx. ₹535 crore). The deal includes manufacturing and supplying 560 open-top wagons valued at USD 32.76 million (₹282 crore), along with a 20-year maintenance contract worth USD 29.48 million (₹253 crore). The wagons will be delivered in two phases over 24 months from the purchase order date. Additionally, the contract includes the potential for an extra 1,040 wagons to be supplied over the next five years, along with extended maintenance support. This deal marks a major milestone in Texmaco's global expansion strategy and highlights the company's growing presence in international markets. 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
Mint
26-06-2025
- Business
- Mint
Texmaco Rail share price: Railway stock jumps 9% after THIS order worth ₹535 crore
Texmaco Rail share price surged by nearly 9% during Thursday's trading session following the company's acquisition of a ₹ 535.6-crore contract from a firm located in central Africa for the supply and maintenance of over 1,600 freight wagons intended for bauxite transport. As per the agreement with CAMALCO SA from Cameroon, Texmaco will be responsible for the design, construction, and comprehensive maintenance of more than 1,600 open-top freight wagons, as indicated in a statement. According to Texmaco's Vice-Chairman Indrajit Mookerjee, the agreement aligns with India's 'Make for World' initiative, while Managing Director Sudipta Mukherjee emphasized that it showcases the manufacturing capabilities of the nation. Rana Pratap Singh, CEO of CAMALCO, mentioned that this collaboration contributes to the development of infrastructure in Cameroon. Company representatives stated that the contract enhances Texmaco's order backlog to ₹ 7,820 crore, solidifying its presence in both African and global markets.
Economic Times
26-06-2025
- Business
- Economic Times
Texmaco shares in focus after securing Rs 535-crore wagon order from Cameroon's CAMALCO
Texmaco Rail and Engineering secured a $62.24 million international order from CAMALCO SA for supplying 560 open-top wagons and providing 20-year maintenance. The deal includes a potential expansion for 1,040 more wagons. Despite a revenue increase in Q4, net profit declined. Analysts maintain a positive outlook, citing bullish momentum and a potential upside. Tired of too many ads? Remove Ads Texmaco Rail & Engineering Q4 earnings Tired of too many ads? Remove Ads Texmaco Rail and Engineering shares price target Shares of Texmaco Rail and Engineering are likely to be in focus on Thursday after the company announced a significant international order worth $62.24 million (approximately Rs 535 crore) from CAMALCO SA , a leading entity in order includes the manufacture and supply of 560 open-top wagons valued at $32.76 million (Rs 282 crore), along with a 20-year long-term maintenance contract worth $29.48 million (Rs 253 crore). The wagon delivery will take place in two phases over 24 months from the purchase order the deal includes a provision for supplying 1,040 more wagons over the next five years, along with long-term maintenance support. If exercised, this could significantly enhance the value and scope of the Rail & Engineering reported a 17.5% year-on-year rise in revenue to Rs 1,346.4 crore for the March quarter, driven by strong execution across its railway and engineering rose 14.7% to Rs 97.6 crore, with operating margins stable at 7.3%. However, net profit declined 12% to Rs 40 crore from Rs 45 crore a year to Trendlyne, the stock has an average target price of Rs 211, indicating a potential upside of about 22%. One analyst currently maintains a 'Strong Buy' rating on the a technical standpoint, Texmaco shares are showing bullish momentum. The Relative Strength Index (RSI) stands at 60.2, indicating positive sentiment but still below the overbought zone. The MACD is above its center line at 3.9 but remains below the signal stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 150-day simple moving averages, reinforcing the ongoing uptrend, though it remains slightly below its 200-day shares have gained 23% over the past three months and are up 129% in the last two years. The company's current market capitalisation stands at Rs 6,928 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
25-06-2025
- Business
- Business Upturn
Texmaco Rail secures Rs 535 crore export order from CAMALCO SA, Cameroon
By Aman Shukla Published on June 25, 2025, 20:02 IST Texmaco Rail & Engineering Limited has announced a major international order win from CAMALCO SA, Cameroon. The company received a Letter of Intent on June 24, 2025, awarding a contract worth USD 62.24 million (approximately INR 535 crore). The deal includes the manufacturing and supply of 560 open-top wagons valued at USD 32.76 million (INR 282 crore) and a 20-year long-term maintenance contract worth USD 29.48 million (INR 253 crore). This export order marks a significant step in Texmaco's global expansion strategy. The manufacturing of wagons will be completed in two phases within 24 months from the purchase order date. Moreover, the contract includes a provision for an additional order of 1,040 wagons to be delivered over the next five years, along with extended maintenance services. Awarded by an international client, this contract strengthens Texmaco's position in the global railway engineering space and reflects its capabilities in delivering large-scale, long-term projects. This development reinforces Texmaco Rail's reputation as a reliable global supplier of rolling stock and railway infrastructure solutions. 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
