Texmaco Rail & Engineering shares jump 12% on securing ₹4,045 crore order

Shares of Texmaco Rail & Engineering are buzzing in Wednesday’s trade after the company announced securing a major order from the South African train operating company. The shares made an intraday high of ₹118.5 apiece on Wednesday morning, jumping nearly 12%.

Texmaco Rail & Engineering has secured a major strategic rail opportunity in South Africa with the receipt of a Letter of Award (LOA) from a South African Train Operating Company (TOC) for the supply of more than 2,235 freight wagons across multiple variants, along with 30 diesel locomotives.

The total estimated value of the opportunity is projected upwards of ₹4,045 crore. The engagement also includes a proposed long-term 15-year maintenance partnership, creating a significant lifecycle business opportunity for TEXMACO in the region. As of Q3FY26, the company’s total orderbook stood at ₹5,661 crore.

This marks one of the largest international rolling stock opportunities secured by the company and represents a significant milestone in TEXMACO’s global expansion journey. The project is aligned with South Africa’s ongoing rail sector reforms and the emerging Open Access freight rail framework, which is expected to drive substantial investments in freight mobility, rolling stock modernisation, mining logistics, and railway infrastructure.

Commenting on the development, Mr Sudipta Mukherjee, Managing Director, said, “South Africa represents a strategically important freight rail market with strong long-term potential. This opportunity is an important milestone in TEXMACO’s international journey and reflects the growing global acceptance of Indian rail engineering, manufacturing capability, and integrated mobility solutions.”

Earlier this month, the company received an order from Kochi Metro Rail for design, supply, installation, testing and commissioning of Ballastless Track and Connections of Standard gauge in the Elevated Section of the Phase 2 Corridor of the Kochi Metro Rail Project. The order is valued at ₹130.22 crore (including taxes) and to be executed within 16 months from the date of issue of the Letter of Acceptance.