Shares of Texmaco Rail & Engineering Ltd surged nearly 13% in trade after the company announced a major international order worth around ₹4,045 crore for rolling stock freight wagons, locomotives, components and long-term maintenance services.
The stock was trading at ₹119.25, up 12.81% on the NSE, after touching an intraday high of ₹119.86.
In an exchange filing, the company said Tsiko Africa Logistics (Pty) Ltd along with Barberry Holdings (Pty) Ltd has issued a Letter of Award valued at USD 43.05 crore, equivalent to around ₹4,045 crore.
The contract includes supply of rolling stock freight wagons, locomotives and components, along with long-term maintenance support. The project is international in nature and is expected to be executed during 2027-2028.
The company clarified that the order does not involve any related party transaction and that neither promoters nor promoter group entities have any interest in the awarding entities.
The sharp rally in the stock comes as investors cheer Texmaco Rail’s growing international presence and strengthening order book momentum amid increasing railway infrastructure investments globally.
Texmaco Rail, part of the Adventz Group, is one of India’s leading railway engineering and infrastructure companies engaged in manufacturing wagons, hydro-mechanical equipment, steel castings and rail EPC solutions. The company has been actively expanding its railway export opportunities and strengthening its presence in mobility and logistics infrastructure.
The latest order adds to a series of business developments for the company in recent months. Texmaco Rail has continued to receive domestic wagon orders and railway infrastructure contracts amid the Indian government’s strong focus on freight corridor expansion, rolling stock modernisation and logistics efficiency.
The railway sector has remained in focus on Dalal Street as investors continue to track companies benefiting from rising public and private capex in transportation and infrastructure.
Meanwhile, the strong order inflow is expected to improve revenue visibility for Texmaco Rail over the medium term, particularly as international execution opportunities scale up.