Texmaco Rail shares surged as much as 4.03% intraday, hitting a high of ₹119.80, after bagging a ₹27.82 crore order from Hindalco Industries.

The Kolkata-based rail wagon maker said the order covers one BTAP rake along with one brake van for Hindalco’s Aditya Expansion Project.

The ₹27.82 crore contract value includes taxes, and Texmaco Rail expects the work done within eight months of the purchase order date. It’s a domestic order.

The company also confirmed that neither its promoters nor any group entity hold an interest in Hindalco tied to this deal, and that it isn’t a related party transaction, having been struck at arm’s length.

Hindalco has kept coming back lately. Just a few weeks before this, Texmaco Rail had picked up a separate ₹23.57 crore order from the same company for wagon supply.

Two orders from one client that close together says something about how the relationship is shaping up.

It also lines up with what the management has been saying about the broader business.

Managing Director Sudipta Mukherjee said last week that the order book had crossed ₹11,200 crore as of 1 September, up from around ₹9,900 crore at the end of FY26.

He’s guiding for 10 to 15% revenue growth this year, with margins expected to improve as execution picks up.

The April to June quarter was rough though, execution fell to ₹750 crore from roughly ₹900 crore a year earlier, down about 17%, and Mukherjee pinned that on supply chain issues hitting the wider industry.

He expects the real catch-up in the second half. Shares closed at ₹117.77, up 2.27% on the day. The stock still sits well above its 52-week low of ₹78.05, even though it’s down sharply over the past year.

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