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Texmaco Rail & Engineering Rail Secures INR3.51 Billion Wagon Orders

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Texmaco Rail & Engineering (NSE:TEXRAIL, BOM:533326) secured two contracts worth a combined 3.51 billion Indian rupees for the manufacture and supply of freight wagons.

JSW South Rail Logistics awarded a 2.53 billion-rupee contract to manufacture and supply BFNSM1 rakes together with BVCM wagons, to be executed within 13.5 months, according to a Wednesday exchange filing.

Sushila Transport placed a 979.9 million-rupee order for ACT1 rakes and BVCM wagons, scheduled for completion on or before Oct. 31, 2027.

Texmaco Rail shares rose nearly 2% in morning trade on Thursday.

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