Texmaco Rail rallies up to 5%, Titagarh shares gain nearly 3.5%; here is why

Texmaco Rail shares advanced as much as 4.89% to ₹149 apiece on the BSE, while Titagarh surged as much as 3.44% to ₹884.90. However, later Titagarh stock slipped into the negative territory.

In its filing to stock exchanges, Titagarh said that the company has secured a Letter of Intent (LOI) from Garden Reach Shipbuilders & Engineers Ltd for the ship construction of two vessels. The vessels will be built for Garden Reach Shipbuilders & Engineers Ltd, intended for use by the Geological Survey of India. The ships are research vessels for use in coastal exploration. The main activities of the vessels shall include:

• Offshore geological mapping

• Mineral exploration, including dredging

• Ocean environment monitoring and research

• Shipboard data processing and sample analyses in modern, well-equipped scientific laboratories.

The order is valued at ₹445 crore, plus ₹22.25 crore towards GST, aggregating to a total order value of ₹467.25 crore. The vessels will be built under the classification regulations of the Indian Register of Shipping.

Texmaco Rail, on the other hand, said M/s. Leap Grain Rail Logistics vide Supply Agreement dated August 21, 2025, has awarded an order of ₹103.16 crore for BCBFG wagons along with BVCM Brake Van to be delivered within 10 months.

About Texmaco Rail

Texmaco Rail & Engineering Ltd. is an Indian engineering and infrastructure company that is primarily engaged in manufacturing railway wagons, coaches, and locomotives, as well as providing related services. The company is part of Adventz Group and headquartered in Kolkata.

Titagarh is a leading Indian manufacturer and supplier of freight wagons, passenger coaches, metro coaches, and propulsion equipment, with interests in shipbuilding and defence.

Founded in 1997, the company provides comprehensive solutions for both the freight and passenger rail sectors, as well as shipbuilding and defence equipment. Headquartered in Kolkata, Titagarh serves both domestic and international markets, with its main business divisions including Railway Freight, Railway Transit, Engineering, and Shipbuilding.