Titagarh Wagons And Texmaco

Texmaco Rail & Engineering shares rose 4 per cent on Monday after securing an order worth ₹86.85 crore from Ultratech Cement

The implementation of Government's plans to radically improve the railway infrastructure is expected to keep the demand for railway products strong in future

Titagarh Rail, Texmaco Rail and Transrail Lighting shares were in demand on Friday after these railway-related companies reported winning orders worth ₹1,385 crore collectively.

IRCON International, Texmaco Rail & Engineering and RailTel Corporation of India rallied between 9 per cent and 13 per cent on the BSE in Wednesday's intra-day trade amid heavy volume.

Engineering firm Texmaco has secured the order from the railways ministry for multi-purpose wagons and to boost freight modernisation

The surge was led by names like Titagarh Rail, RVNL, IRFC, and BEML. Titagarh Rail Systems emerged as the top gainer, jumping 10.72 per cent to close at ₹895.85, followed by RVNL, which climbed 10.45

Texmaco Rail & Engineering Ltd on Sunday reported an over two-fold jump in its consolidated profit after tax to Rs 76 crore in December quarter, riding on higher deliveries of freight cars. It had posted Rs 30 crore PAT (profit after tax) in the year ago quarter, the company said in a statement. The company's total revenue from operations also surged 47.9 per cent to Rs 1,326 crore in the reporting quarter from Rs 896 crore a year ago. Texmaco's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter reached Rs 139 crore, up from Rs 91 crore in October-December quarter of preceding 2023-24 fiscal. "Higher freight car deliveries drove its strong performance," Texmaco said. As of December 31, the company's order book was at Rs 7,612 crore. The company's Executive Director & Vice Chairman Indrajit Mookerjee said: "Despite a challenging market environment, Texmaco maintained a steady performance in Q3 FY25, reflecting operational stability and ...

The capital expenditure (capex) allocation for the railway sector is expected to rise by 20 per cent in Budget 2025-26, according to reports

The rally in these stocks is attributed to the Union Cabinet's approval of a multi-tracking project for the Ministry of Railways in Uttar Pradesh, estimated to cost RS 2,642 crore

Shares of railway companies saw a surge of up to 7 per cent on the BSE during intraday trading on Monday following the Union Cabinet's approval of metro projects exceeding Rs 30,000 crore.

The GoI is focusing on improving the railway infra and ensures faster development and completion of tracks, rail electrification, rolling stock manufacturing and delivery of passenger freight services

The Indian Railways' fast-track approach and the government's push for Atmanirbhar Bharat have catalysed to chart new frontiers

Titagarh Rail Systems Ltd (TRSL) on Monday said its profit after tax in December quarter rose 91.3 per cent to Rs 75.03 crore. The company had posted a PAT of Rs 39.22 crore in the year-ago period, TRSL said in a filing to BSE. Net revenues during the third quarter increased to Rs 954.68 crore from Rs 766.4 crore in the year-ago period. "The company's robust performance in Q3 FY24 is a reflection of our sustained operational momentum. On a year-over-year basis, the freight rolling stocks/passenger rolling stocks recorded substantial growth. "The government's unwavering emphasis on the building of world-class rail infrastructure in India makes us enthusiastic about higher and sustained growth in the upcoming quarters," TRSL Vice Chairman and Managing Director Umesh Chowdhary said. TRSL offers mobility solutions with its presence in both the passenger and freight rail systems including railway wagons, components, passenger coaches and metro coaches.

RVNL, IRFC, IRCON International, NBCC, RailTel Corporation of India and Texmaco Rail & Engineering were up in the range of 5% to 18%.

The Ministry of Railways (Railway Board) has awarded an order to the company for manufacture and supply of 3,400 BOXNS wagons

The total order value of the project is estimated to be around Rs 857 crore

Railway related stocks are poised for next leg of upside, shows techncial charts

Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

At least 4 of the five bidders have formed JVs for the Rs 26,000-crore order