Texmaco Rail & Engineering shares jumped 4% on Friday after the company announced a major supply order worth ₹103.16 crore from Leap Grain Rail Logistics Private Limited.
In a regulatory filing, Texmaco said the agreement covers the manufacturing and delivery of BCBFG wagons and BVCM brake vans. The order, signed on August 22, will be completed within 10 months.
The company clarified that the contract has been awarded by a domestic entity and does not fall under related-party transactions. Promoters and group companies of Texmaco Rail have no financial interest in Leap Grain Rail Logistics, making the deal a fully arm’s length transaction.
This fresh order adds strength to Texmaco’s growing order book at a time when demand for freight wagons in India is rising. The surge is being driven by higher coal movement, growth in the logistics sector, and expansion of private freight operators.
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