Texmaco Rail secures Rs 1,374 crore order from Indian Railways; shares up 2%

The Ministry of Railways (Railway Board) has awarded an order to the company for manufacture and supply of 3,400 BOXNS wagons.

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Texmaco Rail and Engineering share price added more than 2 percent in the early trade on December 21 after the company received an order from Ministry of Railways.

At 09:18 hrs Texmaco Rail and Engineering was quoting at Rs 167.20, up Rs 3.75, or 2.29 percent, on the BSE.

The Ministry of Railways (Railway Board) has awarded an order to the company for the manufacture and supply of 3,400 BOXNS wagons.

Out of the total order first tranche of 1133 wagons is to be executed by December 31, 2024, the second tranche of 1133 wagons to be executed by June 30, 2025 & the third tranche of 1134 wagons to be executed by December 31, 2025.

The total value of the said order is Rs 1,374.41 crore approximately.

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On December 14, the rail ministry (Railway Board) through its letter of acceptance awarded an order to manufacture and supply of 3,400 BOXNS wagons valued at Rs 1374.41 crore.

In October, the company’s joint venture with SS Fabricators and Manufacturers bagged an order valued at Rs 179.89 crore from SJVN Arun-3 Power Development Company Limited, which is building a 900MW run-of-the-river hydropower project in Nepal.

The company in the September quarter, reported a 70 percent on-year jump in consolidated net profit at Rs 20 crore and consolidated revenue from operations surged 66 percent on-year to Rs 805 crore.