Texmaco Rail & Engineering shares surged 8% in morning trade on June 26 after the company announced a significant international order win from CAMALCO SA, Cameroon. As of 9:15 AM, the shares were trading 6.81% higher at Rs 185.19.
The company received a Letter of Intent dated June 24, 2025, for a contract worth USD 62.24 million (approx. ₹535 crore). The deal includes manufacturing and supplying 560 open-top wagons valued at USD 32.76 million (₹282 crore), along with a 20-year maintenance contract worth USD 29.48 million (₹253 crore).
The wagons will be delivered in two phases over 24 months from the purchase order date. Additionally, the contract includes the potential for an extra 1,040 wagons to be supplied over the next five years, along with extended maintenance support.
This deal marks a major milestone in Texmaco’s global expansion strategy and highlights the company’s growing presence in international markets.
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