Texmaco Rail shares in focus on winning Rs 132 crore wagon supply order

Shares of Texmaco Rail & Engineering Ltd will be in focus on Tuesday, December 16, after the company announced that its joint venture entity, M/s. Touax Texmaco Railcar Leasing Private Limited has awarded a significant domestic order worth Rs 132 crore.

The order pertains to the supply of rake of BLSS wagons, comprising both BLSS wagons and BVCM wagons.

“Pursuant to Regulation 30, we wish to inform you that M/s. Touax Texmaco Railcar Leasing Private Limited, a Joint Venture of the Company, has awarded an order of Rs. 132 crores for Supply of Rake of BLSS Wagon comprising of BLSS Wagon and BVCM wagon,” the company said in an exchange filing.


The disclosure stated that the order will be executed in tranches and is scheduled for completion by July 2026. The transaction, which is domestic in nature, is classified as a related party transaction but has been confirmed to be conducted on an arm’s length basis.

Sensex, Nifty today: Check all the LIVE stock market action here

Texmaco Rail & Engineering is one of the promoters of the awarding entity, Touax Texmaco Railcar Leasing Private Limited. The company clarified that there is no conflict of interest in this transaction, as it falls within the normal course of business and complies with corporate governance norms.

Over the past year, the shares of Texmaco Rail & Engineering have seen a steep decline of 44.32%, reflecting a prolonged bearish trend. On a year-to-date (YTD) basis, the stock is down 35.72%, indicating that 2025 has been particularly challenging for investors so far.

In the last six months alone, the stock has slipped 24.70%, while over the past three months, it has fallen by 15.35%. Even the one-month performance remains negative, with a 2.83% drop, underscoring continued pressure on the stock despite short-term gains.

On Monday, the Texmaco Rail & Engineering shares closed 0.7% higher at Rs 126.85 on the BSE.

Also read: Ashish Kacholia to Mukul Agrawal: Star investor tag no guarantee for returns as 7 of 10 stock portfolios see losses in 2025

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)