Texmaco Rail & Engineering Limited has announced a significant development in its railway infrastructure portfolio. The company has been awarded a contract worth ₹6.39 crore by Central Railway for the modification of Overhead Equipment (OHE) at Kalyan Station.

Contract Details

Project Significance

The contract involves modifying the existing Overhead Equipment in connection with the extension of the Island Platform at Kalyan Station. This project is part of the Mumbai Division of Central Railway's infrastructure enhancement initiatives.

Execution Timeline

Texmaco Rail & Engineering is expected to complete the project within 6 months from the date of issuance of the letter of acceptance. This rapid execution requirement underscores the critical nature of the infrastructure upgrade for the railway network.

Company Disclosure

In compliance with regulatory requirements, Texmaco Rail & Engineering has disclosed that this contract does not involve any related party transactions. The company has also confirmed that neither the promoter group nor any group companies have any interest in Central Railway, the entity awarding the contract.

This new contract adds to Texmaco Rail & Engineering's order book, potentially strengthening its position in the railway infrastructure sector. The successful and timely completion of this project could contribute to the company's growth in the railway infrastructure domain.

Texmaco Rail & Engineering Limited , a leading player in the Indian railway sector, has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth in its freight car deliveries and overall performance.

Financial Highlights

For Q2FY26, Texmaco Rail reported:

• Revenue of INR 1,258.00 crores
• EBITDA of INR 132.00 crores, reflecting a margin of 10.50%
• Profit After Tax (PAT) of INR 64.00 crores, with a margin of 5.00%

Operational Performance

The company delivered 2,334 freight cars during Q2FY26, marking a substantial increase of 28.60% compared to 1,815 units in Q1FY26. This growth demonstrates Texmaco's strong execution capabilities and the increasing demand for its products in the railway sector.

Order Book and Market Position

As of September 30, 2025, Texmaco's order book stood at INR 6,367.00 crores, providing strong visibility for future execution. The company maintains a leading position in the market with over 30% market share in wagon manufacturing.

Strategic Developments

Texmaco has made significant strides in expanding its capabilities and market reach:

1. Amalgamation with Texmaco West Rail Limited: The successful completion of this merger is expected to enhance operational synergies and streamline execution across the business.

2. Joint Venture with Rail Vikas Nigam Limited (RVNL): This strategic partnership focuses on rolling stock manufacturing, rail infrastructure projects, and international market expansion.

3. Collaboration with HORMANN Vehicle Engineering GmbH: This partnership aims to offer world-class passenger mobility designing services, including locomotives, potentially opening up new avenues for growth in the passenger rail segment.

Sector Outlook

The Indian Railways' record capital expenditure of over INR 1.42 trillion in the first half of the fiscal year, with a focus on electrification, multi-tracking, and safety systems, bodes well for companies like Texmaco. The adoption of the 2 x 25 kV overhead electrification system is expected to drive demand for Texmaco's products and services, particularly in traction systems and rolling stock.

Future Outlook

Texmaco is well-positioned to capitalize on the growing opportunities in both domestic and international markets. The company's focus on executing its growth strategy through an integrated operational base, expanding partnerships, and a clear roadmap for expansion is expected to drive long-term growth and profitability.

Indrajit Mookerjee, Executive Director and Vice Chairman of Texmaco Rail, commented, "We are committed to increasing our market presence, both in India and international markets, while driving long-term growth through strategic partnerships, continuous innovation, improved efficiency, and optimum utilization of resources."

As Texmaco Rail continues to strengthen its position in the railway sector, investors can look forward to potential growth opportunities and improved performance in the coming quarters.