Shares of Texmaco Rail and Engineering Ltd soared 9% on 26 June after the corporate acquired an order price Rs 535 crore (USD 62,244,000) from CAMALCO SA., Cameroon.
The deal contains the development and provide of 560 open High wagons in two phases over 24 months for USD 32,760,000 (Rs 282 crore), in addition to a 20-year long-term upkeep contract for USD 29,484,000 (Rs 253 crore).
This primary buy features a potential for subsequent orders for the provision of 1040 wagons over the subsequent 5 years, in addition to long-term upkeep.
Earlier on 10 June, the Mumbai Railway Vikas Company awarded the corporate a Rs 44.04 crore order for the provision, building, set up, testing, and commissioning of traction transformers, SPs, and related works for Central Railway’s third and fourth strains.
On 3 June, Mumbai Railway Vikas Company awarded the corporate a Rs 122.31 crore order for the design, procurement, constructing, set up, testing, and commissioning of traction transformers and related work for Western Railway, to be accomplished inside 30 months.
On 12 July 2024 and seven April 2025, the share reached a 52-week excessive of Rs 296.60 and a 52-week low of Rs 115.10.
At 12:14 pm, the shares of Texmaco Rail have been buying and selling 4.49% greater at Rs 181.17 on NSE.
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