Texmaco Rail Secures ₹1.41 Billion Order from Ministry of Railways for Wagon Supply

Image Source: Free Press Journal

Texmaco Rail & Engineering Ltd. has bagged an order worth ₹1.41 billion from the Ministry of Railways for the production and supply of 3,400 BOXNS wagons. The order will be completed in three tranches by December 2025. This order further consolidates Texmaco Rail's position as a leading rolling stock producer in India.

1. Order Size and Execution Schedule

The Railways Ministry contracted out the supply of 3,400 wagons to Texmaco Rail for ₹1,374.41 crore.

The order will be delivered in three tranches:

1,133 wagons by December 31, 2024
1,133 wagons by June 30, 2025
1,134 wagons by December 31, 2025

The wagons will be employed for bulk freight carriage, capitalizing on India's increasing logistics industry.

2. Texmaco Rail's Growing Order Book

The company is confident of winning more orders, including a possible 20,000-wagon order.
Texmaco Rail has a robust pipeline of railway orders, backing up its market leadership in rolling stock production.
The company is also investing in capacity expansion and modernization to keep pace with growing demand.

3. Industry Impact and Future Outlook

The order fits with India's railway modernization drive, enabling efficient freight transport.
Texmaco Rail's strategic collaborations and technological innovation set it up for further growth.
Investors and stakeholders expect robust revenue growth from the fulfillment of this order.

Sources: Business Standard, Money Control, Texmaco.in