Texmaco Rail Share Price Surges 6% on ₹535 Crore Wagon Supply Order

Texmaco Rail Share Price Surges 6% on ₹535 Crore Wagon Supply Order

Texmaco Rail's share price climbed over 6% in early trading on June 26, marking its fifth consecutive session of gains, fueled by a significant international order from Cameroon.

Market Performance

  • Current Price: ₹184.65
  • Day's Gain: ₹11.20
  • Percentage Increase: 6.46%
  • Market Capitalisation: ₹7,376.16 Crore

The stock continues its upward momentum and is currently trading:

  • 37.74% below its 52-week high of ₹296.60 (as of July 12, 2024)
  • 60.43% above its 52-week low of ₹115.10 (as of April 7, 2025)

Main News: ₹535 Crore Deal with Cameroon

Texmaco Rail and Engineering Ltd. received a significant export order worth ₹535 Crore (USD 62.24 million) from CAMALCO SA., Cameroon, triggering investor interest.

Order Highlights:

  • Total Contract Value: ₹535 Crore
  • Type: Manufacturing & Supply + Long-Term Maintenance
  • Execution Timeline: Within 24 months

Breakup of the ₹535 Crore Order:

  • 560 Open Top Wagons:
    • Value: ₹282 Crore (USD 32.76 million)
    • Delivery in 2 phases
  • 20-Year Maintenance Contract:
    • Value: ₹253 Crore (USD 29.48 million)

This agreement also provides scope for future orders—an additional 1,040 wagons to be supplied over the next five years, along with long-term maintenance.

Company Details: Texmaco's Strong Order Book

Texmaco Rail is securing multiple orders in 2025, boosting its engineering and supply portfolio.

Notable Recent Orders:

  • June 10:
    • Client: Mumbai Railway Vikas Corporation
    • Value: ₹44.04 Crore
    • Scope: Supply and commissioning of traction transformers, SPs, and related infrastructure for the Central Railway (3rd & 4th lines)
  • June 3:
    • Client: Mumbai Railway Vikas Corporation
    • Value: ₹122.31 Crore
    • Scope: Design and execution of transformers and associated works for the Western Railway
    • Timeline: 30 months

Summary of the Article

Texmaco Rail's share price jumped 6.46% on June 26, driven by a robust ₹535 Crore order from CAMALCO SA., Cameroon. The contract encompasses the manufacturing of 560 wagons and a long-term maintenance agreement, reflecting the company's expanding global presence. Combined with other recent domestic orders from Mumbai Railway Vikas Corporation, Texmaco is building a strong pipeline that is contributing to rising investor confidence and upward momentum in its stock price.

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