Latest news with #TexmacoRail
News18
05-08-2025
- Business
- News18
Texmaco Rail bags Rs 73-crore Central Railway electrification order
Last Updated: Kolkata, Aug 5 (PTI) Texmaco Rail & Engineering Ltd on Tuesday said it has secured a Rs 73.12-crore contract from the Central Railway for a key electrification project at Vasind in Maharashtra. The project is part of the Kalyan-Asangaon 4th line capacity augmentation in the Mumbai Division, and will be completed in 24 months under the GCC 2022 safety and quality standards, the company said in a release. 'The Vasind substation is a critical enabler for seamless operations on the Kalyan-Asangaon route. Our proven expertise, robust delivery systems, and focus on quality position us strongly to execute this project efficiently and reliably," said Sudipta Mukherjee, Managing Director of Texmaco Rail. Texmaco Rail has been strengthening its order book with a series of recent domestic and global contracts. It has bagged multiple contracts from the Indian Railways for freight wagons, including BOXNHL and BFNS variants, and is executing integrated infrastructure projects in partnership with Rail Vikas Nigam Ltd (RVNL). view comments First Published: August 05, 2025, 18:45 IST 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.
Business Upturn
05-08-2025
- Business
- Business Upturn
Texmaco Rail secures Rs 73.12 crore order from Central Railway for traction substation project
By Aditya Bhagchandani Published on August 5, 2025, 13:47 IST Texmaco Rail & Engineering Limited has received a significant order worth Rs 73.12 crore from Central Railway, as per the company's regulatory filing dated August 5, 2025. The contract involves the design, supply, erection, testing, and commissioning of a 110 KV/25KV AC traction substation, along with a sub-sectioning post (SSP) and associated infrastructure. The order is to be executed over a period of 24 months. It includes a composite scope of work that covers 132/25 KV traction substations along with the provision of incoming supply by modifying existing 132 KV transmission lines using HTLS conductors. These high-capacity conductors are expected to enhance efficiency in electricity transmission. The company clarified that the order was awarded by a domestic entity—Central Railway—and does not fall under any related party transactions. It also confirmed that no promoter or promoter group entity has any interest in the awarding party. This development is likely to strengthen Texmaco Rail's presence in the railway electrification segment and contribute to India's push towards rail infrastructure modernization. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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.
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Business Standard
26-06-2025
- Business
- Business Standard
Texmaco Rail & Engineering share rallies 9% in trade today; here's why
Texmaco Rail share price: Texmaco Rail & Engineering shares rose up to 8.96 per cent to hit an intraday high of ₹189 apiece on Thursday, June 26, 2025. At 11:24 AM, Texmaco Rail share price was up 4.24 per cent at ₹180.80 per share. In comparison, BSE Sensex was trading 0.36 per cent higher at 83,052.46 levels. Why did Texmaco Rail share price zoom in trade today? The rise in the Texmaco Rail share price came after the company announced that it has secured an order of ₹535 crore from Camalco SA. In an exchange filing, Texmaco Rail said, 'We wish to inform you that Camalco SA, Cameroon has awarded an order of $62,244,000 (equivalent to ₹535 crore ) which include order for manufacturing and supply of 560 open Top wagons at $32,760,000 (equivalent to ₹282 crore ) and long term maintenance contract for 20 years at $29,484,000 (equivalent to ₹253 crore)." Under the terms of the order, the company will be responsible for the manufacture and supply of Wagons: Initial order for 560 Open top Wagons to be completed in 2 phases within 24 months from Purchase order date with the provision for additional order of 1040 wagons in subsequent phases; and long term maintenance contract for wagons supplied by company for a period of 20 years. The sizable order is expected to majorly boost the company's export portfolio and revenue visibility, while the 20-year maintenance contract adds a long-term earnings component, making it a crucial deal for Texmaco. About Texmaco Rail Texmaco Rail & Engineering, a part of the Adventz Group, is among the leading infrastructure engineering companies with a diverse portfolio. The company specialises in manufacturing rolling stock, hydro-mechanical equipment, steel castings, and the construction of rail EPC projects, bridges, and other steel structures. Established in 1998 after the demerger of Texmaco Limited, which had been operational since 1939, Texmaco Rail & Engineering has evolved from its earlier focus on heavy engineering and steel foundry to its current diversified business segments. The company's offerings span various sectors, including the production of high-capacity freight wagons, metro tracks, and rolling stock components such as loco shells, bogies, and coaches. It also plays a crucial role in the fabrication of steel bridges, flyovers, and hydro-mechanical equipment like gates and hoists for power projects. The market capitalisation of Texmaco Rail is ₹7,226.36 crore, according to BSE. The company falls under the BSE SmallCap category.
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.
