Latest news with #Texmaco
Business Upturn
19-07-2025
- Business
- Business Upturn
Texmaco Rail bags Rs 47.77 crore order for Wagons from UltraTech Cement
Texmaco Rail & Engineering Ltd has announced that it has received a significant purchase order from UltraTech Cement Ltd worth ₹47.77 crore. The order, dated July 18, 2025, was officially received by Texmaco on July 19 and involves the supply of BOXNHL wagons along with BVCM Brake Vans. 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
News18
18-07-2025
- Business
- News18
Texmaco Rail commissions 10-MW solar plant in Raipur
Agency: PTI Kolkata, Jul 18 (PTI) Texmaco Rail & Engineering Ltd has commissioned a 10-MW captive solar power plant at its Raipur facility in Chhattisgarh, as part of its broader green energy transition, the company said on Friday. The project, developed in partnership with AMP Energy India, marks a key milestone in Texmaco's sustainability roadmap, it said. The plant will supply over 15 million units of clean energy annually to Texmaco's Raipur operations, helping reduce over 12,000 tonnes of carbon dioxide emissions each year, it said in a statement. 'This is not just a sustainability checkbox; it's a forward-looking step towards redefining how Indian industry powers its future," said Indrajit Mookerjee, Vice Chairman & Executive Director, Texmaco Rail. The plant has been executed under the Group Captive Open Access Policy, offering Texmaco greater control over its power supply, cost savings of 30-40 per cent, and reduced grid dependency. 'Responsible manufacturing is no longer optional. This initiative reflects our commitment to ESG principles and positions Texmaco as a leader in clean energy transition within the manufacturing sector," he said. PTI BSM RBT Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
18-07-2025
- Business
- Time of India
Texmaco Rail commissions 10-MW solar plant in Raipur
Texmaco Rail & Engineering Ltd has commissioned a 10-MW captive solar power plant at its Raipur facility in Chhattisgarh, as part of its broader green energy transition , the company said on Friday. The project, developed in partnership with AMP Energy India , marks a key milestone in Texmaco's sustainability roadmap , it said. The plant will supply over 15 million units of clean energy annually to Texmaco's Raipur operations, helping reduce over 12,000 tonnes of carbon dioxide emissions each year, it said in a statement. "This is not just a sustainability checkbox; it's a forward-looking step towards redefining how Indian industry powers its future," said Indrajit Mookerjee, Vice Chairman & Executive Director, Texmaco Rail. The plant has been executed under the Group Captive Open Access Policy, offering Texmaco greater control over its power supply, cost savings of 30-40 per cent, and reduced grid dependency. "Responsible manufacturing is no longer optional. This initiative reflects our commitment to ESG principles and positions Texmaco as a leader in clean energy transition within the manufacturing sector," he said.
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. On June 10, the Mumbai Railway Vikas Corporation granted a contract worth ₹ 44.04 crore to the company for the supply, construction, installation, testing, and commissioning of traction transformers, SPs, and related works for the 3rd and 4th lines of the Central Railway. On June 3, the Mumbai Railway Vikas Corporation awarded a contract totaling ₹ 122.31 crore to the company for the design, supply, construction, installation, testing, and commissioning of traction transformers and related work for the Western Railway, which is to be completed within 30 months. Texmaco Rail share price today opened at ₹ 185.05 apiece on the BSE, the stock touched an intraday high of ₹ 189 apiece, and an intraday low of ₹ 181.55 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Texmaco Rail share price opened with a strong gap-up, decisively surpassing its recent swing high. While some profit booking emerged from the intraday highs, the price still holds firm gains of over 5%. The bullish gap near the 200-day moving average around ₹ 175 now acts as immediate support. On the upside, the rally could extend towards the ₹ 200 mark. Additionally, the RSI remains in the positive territory, reinforcing the bullish momentum and supporting the possibility of further upside.
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
