RVNL & Texmaco Rail Climb After Bagging Fresh Orders
Two railway stocks moved higher on 22 June after both companies disclosed fresh order wins over the weekend. Texmaco Rail & Engineering Ltd touched a day high of Rs 114.90 on NSE, up nearly 5% from its previous close of Rs 109.29, while Rail Vikas Nigam Ltd hit Rs 250.90... The post RVNL & Texmaco Rail Climb After Bagging Fresh Orders appeared first on Equitypandit.
Two railway stocks moved higher on 22 June after both companies disclosed fresh order wins over the weekend. Texmaco Rail & Engineering Ltd touched a day high of Rs 114.90 on NSE, up nearly 5% from its previous close of Rs 109.29, while Rail Vikas Nigam Ltd hit Rs 250.90 intraday, rising about 3% from its previous close of Rs 243.99.
The orders are the reason both stocks opened with a gap up. Starting with Texmaco. The Kolkata-based railway wagon maker bagged two contracts.
The bigger one, worth Rs 253.3 crore, comes from JSW (South) Rail Logistics for the manufacture and supply of railway rakes and wagons.
The second is a Rs 11.5 crore contract from Odisha Power Transmission Corporation Ltd for constructing a second-circuit transmission line on a turnkey basis.
Put together, the two contracts add up to Rs 264.8 crore. These wins matter because Texmaco has been actively building business outside Indian Railways.
More orders from private companies like JSW reduce dependence on a single client and spread revenue across different sectors. The company’s total order book stood at Rs 5,408 crore at the end of FY26.
Now for RVNL. The government-owned rail infrastructure company secured a much larger contract, worth Rs 2,977 crore including GST, from iron ore producer NMDC.
The project involves setting up buffer stockpiles and a blending yard at Visakhapatnam in Andhra Pradesh, with a handling capacity of 10 million tonnes per annum. The contract is to be executed over 42 months.
RVNL confirmed the order does not involve any related-party transaction, and NMDC is a domestic entity with no connection to RVNL’s promoter group.
RVNL’s total order book as of March 2026 stood at Rs 99,292 crore, and the government of India holds a 72.84% stake in the company.
At 14:28 pm on NSE, Texmaco Rail was trading up 4.47% at Rs 114.17 and RVNL was up 1.18% at Rs 246.88.
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The post RVNL & Texmaco Rail Climb After Bagging Fresh Orders appeared first on Equitypandit.
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