Texmaco Rail (TEXRAIL) Secures INR 650 Crore Wagon Order from Indian Railways

Kolkata, Today – Texmaco Rail & Engineering Limited (NSE: TEXRAIL) has announced the bagging of a substantial new order from Indian Railways, further strengthening its position as a key supplier to the nation’s railway sector. The contract, valued at approximately INR 650 crore, is for the manufacture and supply of 2,000 BOXNHL wagons.

The order underscores Texmaco Rail’s continued contribution to the modernization and expansion of India’s railway freight capabilities. The company is expected to execute the order within a period of 24 months from the date of the contract signing, providing significant revenue visibility and bolstering its robust order book.

This new contract is a testament to Texmaco Rail’s expertise in railway rolling stock manufacturing and its long-standing relationship with Indian Railways, a critical customer for the company. The BOXNHL wagons are a standard type of open-top wagon used for transporting bulk commodities, crucial for various industries across the country.

The announcement was made outside market hours. Prior to the announcement, Texmaco Rail & Engineering Limited’s shares closed at INR 175.51 on the National Stock Exchange, marking a decline of 1.7% from the previous close.

source: Corporate Announcement

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