Shares of Texmaco Rail & Engineering Limited surged to a day high of Rs 120.95 on the BSE on 13 May after the company received a Letter of Award from a South African Train Operating Company for a rail supply contract valued at over Rs 4,045 crore.

In a press release filed on 12 May, Texmaco Rail disclosed the LOA covers supply of more than 2,235 freight wagons across multiple variants along with 30 diesel locomotives. Managing Director Sudipta Mukherjee said, ‘South Africa represents a strategically important freight rail market with strong long-term potential.’

The engagement also includes a proposed 15-year maintenance partnership, creating recurring lifecycle revenue for the company well beyond the initial supply phase.

The South African counterparty is a Train Operating Company actively participating in the country’s ongoing rail modernisation and open-access freight ecosystem expansion. Texmaco operates seven manufacturing facilities across India, specialising in rolling stock, hydro-mechanical equipment and rail infrastructure solutions, serving Indian Railways, industrial clients and export markets.

For context, the company’s Q4 FY26 financial results filed on 12 May show revenue of Rs 1,163.62 crore for the March quarter, up from Rs 1,040.76 crore in December 2025, with net profit at Rs 58.72 crore against Rs 38.65 crore in the prior quarter. Full-year FY26 revenue stood at Rs 4,371.40 crore with annual PAT of Rs 187 crore.

At 11:14 am on 13 May, shares of TEXRAIL were trading at Rs 117.00, up by 10.85% on the BSE, against a previous close of Rs 105.55. The stock’s 52-week high stands at Rs 189, touched on 26 June 2025.

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