Texmaco Rail & Engineering advanced 1.28% to Rs 161.75 after the company announced that it has been awarded a wagon-supply contract worth Rs 140.55 crore by the Railway Board, Ministry of Railways.
As per the terms of the order, the company would manufacture and supply 8 rakes of flat multi-purpose wagons within a period of 6 months.
Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc.
The company has reported 13.5% decline in consolidated net profit to Rs 39 crore despite a 17.6% rise in revenue from operations to Rs 1,346 crore in Q4 FY25 as compared with Q4 FY24.
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