Texmaco Rail Wins Rs 219 Cr Contract, Shares Jump 10.25%

Shares of Texmaco Rail & Engineering Ltd rallied 10.25% to touch the day’s high of Rs 123.47 on 17th February after the company announced that it had secured a Rs 219.18 crore contract from Mumbai Railway Vikas Corporation Ltd (MRVC).

The contract, awarded on Monday, 16th February, involves the design, supply, installation, testing and commissioning of signalling equipment for a proposed suburban railway line. This is under the Mumbai Urban Transport Project (MUTP-IIIA).

The contract covers full execution of signalling systems and related equipment for the new Mumbai suburban corridor. The project is expected to be completed within 36 months from the date of the Notice to Proceed.

Earlier in the day, Texmaco also secured an order from South Western Railway for comprehensive annual maintenance and breakdown restoration of overhead equipment (OHE) and power supply systems in the Mysore Division.

The two-year maintenance contract spans 1,046 track kilometres (TKM) of electrification infrastructure and related electrical assets. The total order value stands at Rs 27.67 crore (including GST), or around Rs 23.45 crore excluding GST.

Under the agreement, the company will handle routine, preventive, and emergency maintenance to ensure smooth traction power operations. With these latest wins, Texmaco’s total OHE and power supply maintenance portfolio has expanded to 3,702.62 TKM across multiple railway divisions. These include the Bengaluru Division and parts of the Dedicated Freight Corridor. This strengthens its presence in railway electrification services.

At 12:31 PM, shares of Texmaco Rail were trading 5.92% higher at Rs 117.80 on NSE.

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