TEXRAIL.NSE News

Texmaco Rail & Engineering has secured a significant order from JSW Group. The company will manufacture and supply 20 rakes of freight wagons. This deal is valued at approximately Rs 421.38 crore. The wagons are designed for high-capacity container transport. This order highlights the growing private sector involvement in India's rail logistics.

Texmaco Rail and Engineering Limited and Rail Vikas Nigam Limited have joined forces. This partnership aims to enhance India's rail manufacturing capabilities. The joint venture will focus on advanced rolling stock and infrastructure projects. It will also pursue opportunities in Asia, Africa, and the Middle East.

Kolkata: Texmaco Rail & Engineering Ltd and Rail Vikas Nigam Limited (RVNL) formalised a strategic partnership by signing a joint venture sharehol.

Shares of Texmaco Rail & Engineering are in focus after the company secured two orders totaling Rs 242.63 crore. The larger contract, worth Rs 219.18 crore, comes from Mumbai Railway Vikas Corporation Ltd for designing, supplying, installing, testing, and commissioning signalling systems for a new Mumbai suburban railway line under MUTP-IIIA, with completion scheduled within 36 months.

Indian equity benchmarks climbed in early trading on Tuesday, extending recent gains as investor sentiment improved on signs of a recovery in foreign portfolio inflows following a trade agreement with the United States. The Nifty 50 was up 0.34% at 25,955.2, while the BSE Sensex added 0.35% to 84,361.9 as of 10:03 a.m. IST. The blue-chip indexes have gained more than 3% in the six sessions since New Delhi and Washington announced a long-awaited trade deal. “The announcement of India-U.S. trade deal and its immediate impact on foreign fund flows have brought back some confidence in the market. There is higher willingness among investors to make risky bets in the broader market,” said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities. Foreign investors purchased Indian shares worth 22.55 billion rupees ($248.6 million) on Monday, as per provisional data and have bought $1.3 billion of Indian equities so far in February, after three consecutive months of selling. Wider Asian markets rose following Japanese Prime Minister Sanae Takaichi’s decisive election victory over the weekend.

Texmaco Rail & Engineering Ltd has secured a Rs 132-crore order from its joint venture, Touax Texmaco Railcar Leasing Pvt Ltd, for the supply of BLSS and BVCM wagons. The delivery of these rakes is scheduled to be completed by July 2026, reinforcing the company's manufacturing capabilities and supporting India's sustainable logistics goals.

Texmaco Rail & Engineering has secured a Rs 86.85 crore order from UltraTech Cement for specialized freight wagons and brake vans, which will serve UltraTech's plants in Madhya Pradesh. The brake vans will incorporate solar-powered systems for enhanced energy efficiency. Furthermore, Texmaco announced the reappointment of key leadership figures, positioning itself to capitalize on India's rail and infrastructure growth.

Analyst cautions that while short-term indicators are positive, broader charts signal sideways to bearish trends.

PSU banks and pharma extended their winning streak. Analysts flag resistance near 25,550 and support around 25,240 for the Nifty.