Texmaco Rail shares touched a day high of ₹116.90 on Tuesday after the company won a $135 million locomotive export order.

The company disclosed in an exchange filing that Tsiko Africa Logistics, along with Barberry Holdings, has awarded it a contract worth $135 million, which comes to around ₹1,300 crore.

Both firms are based in South Africa. This order marks another step in Texmaco’s push to grow beyond the Indian market and take on bigger international projects.

Here’s what the deal actually involves. Texmaco will design, build, supply and commission Wabtec ES43ACi diesel-electric locomotives, each rated at 4,500 horsepower.

These are heavy-duty engines built for freight and long-haul rail networks. The company has 20 to 24 months from the date the final agreement is signed to complete the entire order.

The value of $135 million doesn’t include applicable taxes and duties. This isn’t Texmaco’s first big move abroad either.

Just last week, the company signed an agreement with a German firm, Bochumer Verein Verkehrstechnik, to explore setting up a joint venture in India for manufacturing railway wheels, wheelsets, axles and related parts.

Earlier this year, Texmaco had also bagged an even larger export order worth roughly ₹4,045 crore, and it has plans to set up its first overseas manufacturing unit in South Africa.

On the financial side, Texmaco’s numbers for the quarter ended June were mixed.

Net profit rose sharply, up nearly 67% to ₹50 crore, but revenue for the quarter actually fell close to 17% compared to the same period last year, landing at ₹757 crore.

On Tuesday, Texmaco Rail closed at ₹113.60 on the NSE, up 4.27% for the day.

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