Shares of Texmaco Rail & Engineering Ltd are in focus today as the company has shared details about a new order win from a company based in central Africa. The counter started opened gap up at Rs 185.05, with a gain 6.69 per cent from the previous close of Rs 173.45 on the BSE. It gained further to touch the high of Rs 189. This is a surge of 8.97 per cent from the closing price of last trading session. The stock has been gaining for the last five days and has risen 14.88 per cent in the period.
Technically, Texmaco Rail is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
On the NSE, the stock started the session at Rs 188 and hit the intraday high of Rs 189. Last seen, it was trading at Rs 181.02. The stock hit its 52-week high of Rs 296.49 on July 12, 2024 and its 52-week low of Rs 119.06 on April 7, 2025.
Texmaco Rail bags Rs 535 crore order
The company has won a Rs 535.6 crore contract from a company based in central Africa. According to information shared, the order is to supply and maintain over 1,600 freight wagons for bauxite transportation.
Under the agreement with CAMALCO SA, Cameroon, Texmaco will design, build, and provide end-to-end maintenance for more than 1,600 open-top freight wagons, it said in a statement.
The deal aligns with India's 'Make for World' vision, Texmaco's Vice-Chairman Indrajit Mookerjee said, while MD Sudipta Mukherjee called it a testament to the nation's manufacturing capabilities.
CAMALCO CEO Rana Pratap Singh said the partnership supports Cameroon's infrastructure development.
The contract boosts Texmaco's order book to Rs 7,820 crore, strengthening its position in African and global markets, company officials said.
The Kolkata-based company operates seven manufacturing plants across India. Earlier, it singed a memorandum of understanding with Rail Vikas Nigam Ltd to drive innovation and accelerate modernisation in the railway infrastructure in India.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
