Archive · 3 Jun 2025
Texmaco Bags ₹122 Crore Rail Infra Contract, Second Deal This Week
Texmaco Rail & Engineering, a company that works on railways, just got a new contract worth over ₹122 crore from Mumbai Railway Vikas Corporation.
This job is to build and set up some important parts for the trains on Mumbai's Western Railway.
The company has to finish it in 30 months.
This is the second big contract they've won recently, as they also got an order for making train wagons.
In the last quarter, the company made less profit than the year before, but made more money overall.
The company's stock price went down a little on Tuesday.
Texmaco Rail & Engineering Ltd secured a ₹122.3 crore contract from Mumbai Railway Vikas Corporation.
The contract involves designing, supplying, constructing, installing, testing and commissioning traction transformers.
The project will be executed on Mumbai's Western Railway and is expected to be completed within 30 months.
This is the second contract Texmaco secured within a week, following a ₹140 crore order for wagons.
Texmaco's shares declined slightly on Tuesday, June 4th, though they've gained 14.68% in the past month.
- Who
- Texmaco Rail & Engineering Ltd.
- What
- Texmaco secured a ₹122.3 crore contract for rail infrastructure.
- When
- June 4, 2024, the share price was assessed and the contract was awarded June 2, 2024.
- Where
- Mumbai's Western Railway
- Why
- The contract will upgrade the railway infrastructure.
- Contract Value
- ₹122.3 crore
- Contracting Entity
- Mumbai Railway Vikas Corporation
- Project Scope
- Traction transformer work
- Location
- Mumbai's Western Railway
- Completion Time
- 30 months
- Second Contract
- ₹140 crore order for wagons
- Share Price Change (June 4)
- ₹0.77 decrease
- Monthly Share Gain
- 14.68%
