Shares of Texmaco Rail & Engineering Restricted surged to a day excessive of Rs 120.95 on the BSE on 13 Might after the corporate acquired a Letter of Award from a South African Practice Working Firm for a rail provide contract valued at over Rs 4,045 crore.
In a press launch filed on 12 Might, Texmaco Rail disclosed the LOA covers provide of greater than 2,235 freight wagons throughout a number of variants together with 30 diesel locomotives. Managing Director Sudipta Mukherjee mentioned, ‘South Africa represents a strategically essential freight rail market with sturdy long-term potential.’
The engagement additionally features a proposed 15-year upkeep partnership, creating recurring lifecycle income for the corporate properly past the preliminary provide section.
The South African counterparty is a Practice Working Firm actively collaborating within the nation’s ongoing rail modernisation and open-access freight ecosystem growth. Texmaco operates seven manufacturing amenities throughout India, specialising in rolling inventory, hydro-mechanical gear and rail infrastructure options, serving Indian Railways, industrial shoppers and export markets.
For context, the corporate’s This autumn FY26 monetary outcomes filed on 12 Might present income of Rs 1,163.62 crore for the March quarter, up from Rs 1,040.76 crore in December 2025, with web revenue at Rs 58.72 crore in opposition to Rs 38.65 crore within the prior quarter. Full-year FY26 income stood at Rs 4,371.40 crore with annual PAT of Rs 187 crore.
At 11:14 am on 13 Might, shares of TEXRAIL have been buying and selling at Rs 117.00, up by 10.85% on the BSE, in opposition to a earlier shut of Rs 105.55. The inventory’s 52-week excessive stands at Rs 189, touched on 26 June 2025.
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