Latest news with #TexmacoRail&EngineeringLtd
Business Standard
4 days ago
- Business
- Business Standard
Nava Ltd leads gainers in 'A' group
Ircon International Ltd, Railtel Corporation of India Ltd, Texmaco Rail & Engineering Ltd and Mahanagar Telephone Nigam Ltd are among the other gainers in the BSE's 'A' group today, 04 June 2025. Ircon International Ltd, Railtel Corporation of India Ltd, Texmaco Rail & Engineering Ltd and Mahanagar Telephone Nigam Ltd are among the other gainers in the BSE's 'A' group today, 04 June 2025. Nava Ltd spiked 12.71% to Rs 551.3 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.48 lakh shares were traded on the counter so far as against the average daily volumes of 35056 shares in the past one month. Ircon International Ltd surged 10.69% to Rs 214.8. The stock was the second biggest gainer in 'A' group. On the BSE, 27.46 lakh shares were traded on the counter so far as against the average daily volumes of 5.75 lakh shares in the past one month. Railtel Corporation of India Ltd soared 8.80% to Rs 433.75. The stock was the third biggest gainer in 'A' group. On the BSE, 3.95 lakh shares were traded on the counter so far as against the average daily volumes of 3.15 lakh shares in the past one month. Texmaco Rail & Engineering Ltd gained 8.54% to Rs 174.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5.35 lakh shares were traded on the counter so far as against the average daily volumes of 2.46 lakh shares in the past one month. Mahanagar Telephone Nigam Ltd exploded 6.77% to Rs 53.14. The stock was the fifth biggest gainer in 'A' group. On the BSE, 21.62 lakh shares were traded on the counter so far as against the average daily volumes of 6.48 lakh shares in the past one month.
The Print
29-05-2025
- Business
- The Print
Texmaco bags Rs 140 crore order from railways
Kolkata, May 29 (PTI) Texmaco Rail & Engineering Ltd has secured an order worth Rs 140.55 crore from the railways for the supply of Flat Multi-Purpose (FMP) wagons, the company said on Thursday. These newly developed wagons are designed to carry steel coils, containers, military vehicles, and support Roll-on/Roll-off (RoRo) operations, offering flexibility across sectors such as agriculture, defence and transport.
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Business Standard
29-05-2025
- Automotive
- Business Standard
Texmaco bags ₹140 cr order to supply multi-purpose wagons to Railways
Texmaco Rail & Engineering Ltd., a listed company under Adventz Group, has secured a fresh order worth ₹140.55 crore from the Ministry of Railways for supplying flat multi-purpose wagons. The order is part of the government's push to modernise and improve the country's freight operations. With this order, Texmaco's total order book has reached ₹7,115 crore. The flat multi-purpose (FMP) wagons are designed to cater to several industries, supporting the movement of steel coils, containers, military vehicles, and Roll-on/Roll-off (RoRo) operations. The FMPs are built to meet the increasing needs of modern freight logistics, offering higher efficiency and adaptability. They can also transport ISO containers (one 40-foot or two 20-foot units), enhancing the country's cargo-handling capacity; trucks (loaded or empty) through RoRo methods, helping speed up freight movement; and military vehicles, ensuring quick and safe transport for defence needs. Induction of the FMP wagon also ties into broader goals around sustainability and integrated transport. These wagons aim to modernise infrastructure and encourage greener freight solutions by supporting multi-modal transport. Their design helps cut down freight costs and delivery times. "This latest order is a testament to India's commitment to modernising its railway fleet with next-generation freight solutions," said Indrajit Mookerjee, vice chairman and executive director of Texmaco Rail & Engineering Ltd. "With these versatile wagons, Texmaco is proud to contribute to the nation's transportation infrastructure and economic progress." "Texmaco remains dedicated to providing state-of-the-art railway solutions that enhance connectivity and streamline cargo movement across critical sectors such as defence, steel, and container logistics," said Sudipta Mukherjee, managing director of Texmaco Rail & Engineering Ltd. Texmaco operates across three segments — freight wagons, infra-rail and green energy, and electrical infra. Headquartered in Kolkata, the company runs seven manufacturing plants across West Bengal, Gujarat, and Chhattisgarh. It also has partnerships with firms like Wabtec and Touax to increase its footprint in international markets.
The Print
19-05-2025
- Automotive
- The Print
Texmaco aiming to boost EBITDA margin to 12-13pc by FY'26
'The company is continuously improving its margin. We are aiming to increase the EBITDA margin level to 12-13 per cent by the year-end. In FY'25, we achieved an EBITDA margin of 10.3 per cent, up from 9.5 per cent from the previous fiscal,' Managing Director Sudipta Mukherjee told PTI. The margin in the last two quarters was lower due to a number of factors, a top company official said. Kolkata, May 19 (PTI) Engineering major Texmaco Rail & Engineering Ltd on Monday said it is targeting an EBITDA margin of 12-13 per cent by March 2026, up from 10.3 per cent in the 2024-25 fiscal, driven by improved operational efficiency and business restructuring initiatives. 'The margin in the last two quarters was lower due to various factors such as unfavourable product mix, one-time provisioning of Rs 11 crore, and a Rs 5-crore expense for a long-term vision study undertaken in Q4,' he said. Mukherjee said the margin performance is expected to improve after the demerger of Kalindee, a loss-making unit under Texmaco EPC, which has been impacting overall financials. 'The demerger process is underway, and we expect it to be effective during the current fiscal,' he said. The company is also in the process of merging Texmaco West Rail Ltd (formerly Jindal Rail & Infrastructure Ltd) with Texmaco Rail & Engineering Ltd. This transaction is currently awaiting approval from the National Company Law Tribunal (NCLT), and is expected in the second quarter of 2025-26. Meanwhile, Texmaco reported a 13.5-per cent year-on-year decline in consolidated net profit to Rs 39 crore in the March quarter, impacted by lower margins and supply constraints, despite higher revenues. Revenue from operations in January-March rose 17.6 per cent to Rs 1,346 crore from Rs 1,145 crore a year earlier. The company attributed the sequential drop in profit and margin to a short supply of wheel sets from the Rail Wheel Factory, which disrupted freight car deliveries during the quarter. Texmaco delivered 2,597 freight cars in Q4, down from 2,714 units in Q3. During the reporting quarter, Texmaco signed two global partnerships — one with European firm Nevomo for high-speed rail technology and another with US-based Trinity Rail — to expand its international footprint and rolling stock manufacturing capabilities. The company is also progressing with the transfer of its Infra-Rail and Green Energy businesses into a wholly owned subsidiary, aimed at streamlining operations and unlocking long-term value. For the full financial year, Texmaco reported a consolidated profit after tax (PAT) of Rs 249 crore, up 120.3 per cent from Rs 113 crore in FY'24. Revenue rose 45.8 per cent year-on-year to Rs 5,107 crore. Its order book stood at Rs 6,766 crore as of March 31, 2025. The company delivered 10,612 freight cars during the year, registering a 51 per cent growth over FY'24. 'The Government of India's long-term goal to increase the railway's share in national logistics from 27 per cent to 45 per cent by 2030 presents significant opportunities for rail manufacturers. Around 1.2 lakh wagons are expected to be delivered by 2025,' Mukherjee said. 'With an annual production capacity of 13,000 wagons, Texmaco is ready to capture its fair share of this demand,' he added. PTI BSM RBT This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
