TEXMACO Secures Landmark South African Rail Order opportunity worth more than INR 4,045 Crores

Texmaco Rail & Engineering has secured a major strategic rail opportunity in South Africa with the receipt of a Letter of Award (LOA) from a South African Train Operating Company (TOC) for supply of more than 2,235 freight wagons across multiple variants along with 30 diesel locomotives.

The total estimated value of the opportunity is projected upwards of INR 4,045 Crores. The engagement also includes a proposed long-term 15-year maintenance partnership, creating a significant lifecycle business opportunity for TEXMACO in the region.

This marks one of the largest international rolling stock opportunities secured by the Company and represents a significant milestone in TEXMACO's global expansion journey. The project is aligned with South Africa's ongoing rail sector reforms and the emerging Open Access freight rail framework, which is expected to drive substantial investments in freight mobility, rolling stock modernization, mining logistics, and railway infrastructure.

The opportunity is expected to strengthen TEXMACO's presence across the African rail ecosystem while opening future avenues in wagon supply, locomotive modernization, refurbishment, maintenance services, and rail infrastructure projects across the region. The Company also sees longterm potential for phased localization and strategic partnerships in Southern Africa.

Commenting on the development, Mr. Sudipta Mukherjee, Managing Director, said, "South Africa represents a strategically important freight rail market with strong long-term potential. This opportunity is an important milestone in TEXMACO's international journey and reflects the growing global acceptance of Indian rail engineering, manufacturing capability, and integrated mobility solutions."

The Company stated that the opportunity will be pursued with a balanced and prudent approach, keeping in view evolving geo-political conditions, supply chain dynamics, commodity volatility, currency movements, and broader global economic developments associated with long-duration international projects.

With this development, TEXMACO continues to strengthen its positioning as an integrated rail and mobility solutions company with growing global relevance and long-term international ambitions.

Shares of Texmaco Rail & Engineering Limited was last trading in BSE at Rs. 105.55 as compared to the previous close of Rs. 111.80. The total number of shares traded during the day was 98943 in over 1111 trades.

The stock hit an intraday high of Rs. 111.70 and intraday low of 104.75. The net turnover during the day was Rs. 10673401.00.

Source : Equity Bulls

Keywords

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