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What is the story about?
Texmaco Rail and Engineering Ltd on Tuesday (May 12) said it has secured a major international rail opportunity in South Africa valued at more than ₹4,045 crore through a letter of award from a South African train operating company.
The order covers the supply of more than 2,235 freight wagons across multiple variants, along with 30 diesel locomotives.
The total estimated value of the opportunity is projected upwards of ₹4,045 crore. The engagement also includes a proposed long-term 15-year maintenance partnership, creating a lifecycle business opportunity for the company in the region.
Texmaco said this marks one of its largest international rolling stock opportunities and represents a key milestone in its global expansion plans. The project is aligned with South Africa’s rail sector reforms and the emerging open access freight rail framework aimed at increasing investments in freight mobility, rolling stock modernisation, mining logistics and railway infrastructure.
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The company said the opportunity is expected to strengthen its presence across the African rail ecosystem and open further avenues in wagon supply, locomotive modernisation, refurbishment, maintenance services and rail infrastructure projects in the region. It also indicated potential for phased localisation and strategic partnerships in southern Africa.
Sudipta Mukherjee, Managing Director, said, “South Africa represents a strategically important freight rail market with strong long-term potential. This opportunity is an important milestone in Texmaco’s international journey and reflects the growing global acceptance of Indian rail engineering, manufacturing capability, and integrated mobility solutions."
Shares of Texmaco Rail & Engineering Ltd ended at ₹105.55, down by ₹6.25, or 5.59%, on the BSE today, May 12.
ALSO READ | Texmaco Rail lands ₹219 crore Mumbai suburban rail contract
The order covers the supply of more than 2,235 freight wagons across multiple variants, along with 30 diesel locomotives.
The total estimated value of the opportunity is projected upwards of ₹4,045 crore. The engagement also includes a proposed long-term 15-year maintenance partnership, creating a lifecycle business opportunity for the company in the region.
Texmaco said this marks one of its largest international rolling stock opportunities and represents a key milestone in its global expansion plans. The project is aligned with South Africa’s rail sector reforms and the emerging open access freight rail framework aimed at increasing investments in freight mobility, rolling stock modernisation, mining logistics and railway infrastructure.
ALSO READ | Texmaco Rail Q4 profit jumps 45%, margin expand; approves defence biz investment
The company said the opportunity is expected to strengthen its presence across the African rail ecosystem and open further avenues in wagon supply, locomotive modernisation, refurbishment, maintenance services and rail infrastructure projects in the region. It also indicated potential for phased localisation and strategic partnerships in southern Africa.
Sudipta Mukherjee, Managing Director, said, “South Africa represents a strategically important freight rail market with strong long-term potential. This opportunity is an important milestone in Texmaco’s international journey and reflects the growing global acceptance of Indian rail engineering, manufacturing capability, and integrated mobility solutions."
Shares of Texmaco Rail & Engineering Ltd ended at ₹105.55, down by ₹6.25, or 5.59%, on the BSE today, May 12.
ALSO READ | Texmaco Rail lands ₹219 crore Mumbai suburban rail contract
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