Texmaco Rail Secures ₹126 Crore in New Freight Wagon Orders
Overview
Texmaco Rail & Engineering Ltd announced two domestic orders exceeding ₹126 crore for freight wagons. One order from IVC Logistics is valued at ₹62.21 crore for ACT1 wagons, set for August 2026 completion. A second order from APL Logistics Vascor Automotive for ₹64.06 crore, also for ACT1 wagons and brake vans, is due by September 2026. These deals significantly bolster the company's position in the freight wagon segment.
Stocks Mentioned
New Orders Bolster Wagon Segment
Texmaco Rail & Engineering Ltd announced Friday the receipt of two substantial domestic orders totaling over ₹126 crore. These new contracts primarily target the freight wagon segment, significantly strengthening the company's existing order book.
The infrastructure firm has secured a new order from IVC Logistics worth ₹62.21 crore, excluding taxes. This order encompasses the supply of ACT1 wagons and BVCM Design-C wagons, with an execution timeline extending to August 2026. This development marks a key step in expanding the company's logistics infrastructure capabilities.
Order Details and Execution
In a separate transaction, Texmaco Rail disclosed an order valued at ₹64.06 crore, also excluding taxes, from APL Logistics Vascor Automotive. This deal involves the delivery of ACT1 wagons alongside BVCM-type brake vans, scheduled for completion by September 2026. Both contracts are domestic in nature and confirmed not to be related party transactions, providing clarity on business dealings.
The company also referenced a prior order secured in September 2025 from Ultratech Cement Limited. This earlier contract was for the supply of BCFC wagons and a brake van, valued at ₹86.85 crore. Such consistent order wins highlight Texmaco Rail's sustained activity in the sector.
Company Performance Snapshot
Shares of Texmaco Rail & Engineering Ltd closed Friday at ₹126.45 apiece. This represented a 1.94% decrease from the day's opening price on the Bombay Stock Exchange (BSE). The market reaction suggests a short-term consolidation despite the positive order flow announcement.
