Texmaco chugs along

Texmaco Rail & Engineering rose over 1% today  after the company announced that it has secured two infrastructure contracts aggregating more than Rs.79 crore from Maharashtra Metro Rail Corporation (Maha-Metro) and Central Railway.

The stock opened at Rs.137.80 and hit an intraday high of Rs.141.50, with a VWAP of Rs.139.34. Texmaco’s market capitalisation stood at Rs.5,508 crore, with the stock gaining momentum after consolidating near its short-term support levels.

The first order, valued at Rs.45 crore, was awarded by Maha-Metro for the design, supply, installation, testing, and commissioning of key electrical systems for the PCMC–Nigdi elevated extension of the Pune Metro. The project scope includes a 25 kV flexible overhead catenary system, 25 kV sectioning posts, a 33 kV auxiliary substation, and SCADA systems, with completion targeted within 110 weeks.

The second contract, worth Rs.34 crore, was received from Central Railway for the Ahmednagar–Beed–Parli new broad-gauge line. This order involves design, manufacture, and supply of critical traction and power systems, strengthening Texmaco’s position in India’s growing railway electrification and infrastructure segment.

Here, it’s not the size (Rs79 crore) but the strategic positioning that matters — entry into higher-value systems work will likely improve margin visibility and pre-qualification for future metro projects (Nagpur, Nasik, Patna, etc.).

As of Q1FY26, Texmaco’s consolidated order book stood around Rs.8,000–8,200 crore, spread across, Rail & Metro EPC (55%), wagon manufacturing (35%) and hydromech, Foundry, and Structural Engineering (10%).

These new contracts, while modest, add to the momentum of order inflows in FY26, where the company has already secured Rs.1,200 crore worth of fresh orders year-to-date.