Hey finance enthusiasts! π We’ve got some exciting news from the rail sector. Texmaco Rail & Engineering Limited (NSE: TEXRAIL), a key player in India’s railway infrastructure, has just announced a significant new order that’s sure to get investors talking.
The company has bagged a substantial domestic order worth Rs. 47.77 crore from none other than Ultratech Cement Limited. This isn’t just any order; it’s for the supply of BOXNHL wagons and BVCM Brake Vans. For those unfamiliar, BOXNHL wagons are a type of open-top freight wagon widely used for transporting bulk commodities like cement, coal, and other raw materials β a perfect fit for a company like Ultratech Cement! The BVCM Brake Van is also a crucial component, ensuring safety and operational efficiency.
This order underscores Texmaco’s strong position in the Indian railway ecosystem, providing essential rolling stock that keeps the nation’s economy moving. The company is set to deliver these wagons and brake vans by mid-October 2025, a clear timeline for this important project.
At its last traded price of Rs. 158.23, Texmaco Rail has been a company to watch in the infrastructure space. This new order from a major industrial player like Ultratech Cement highlights the continued demand for quality rail solutions and strengthens Texmaco’s order book. It’s a positive sign for the company’s manufacturing capabilities and its role in supporting India’s industrial growth.
Keep an eye on Texmaco Rail as they continue to contribute to the backbone of India’s logistics! What are your thoughts on this development? Let us know below! π
source: Corporate Announcement