The shares of one of the leading Railway company, specializing in manufacturing railway freight cars, locomotives, and other related engineering products jumped upto 3 percent upon entering into a strategic MoU with Nevomo, a Polish technology entity to revolutionize rail infrastructure.
Price action
With a market capitalization of 5,678.43 Crores on Tuesday, the shares of Texmaco Rail & Engineering Ltd jumped upto 3.1 percent after making a high of Rs.145.90 compared to its previous closing price of Rs. 141.40.
What Happened
Texmaco Rail & Engineering Ltd engaged in manufacturing railway freight cars, locomotives, and other related engineering products has signed a strategic MoU with Nevomo to revolutionize rail infrastructure.
This collaboration integrates Nevomo’s Magrail technology and Linear Propulsion Systems for high-speed rail, AI-driven diagnostics & Automation, self-propelled wagons, and driverless freight trains to revolutionize mobility in India and on the global stage.
The partnership aims to enhance rail efficiency, expand capacity, and modernize existing systems. With an R&D hub and a focus on sustainability, the alliance will drive innovation in global transportation, supporting India’s vision of becoming a leader in next-gen mobility solutions.
Management Commentary
Mr. Sudipta Mukherjee, Managing Director of Texmaco Rail & Engineering Ltd, emphasised: This partnership signifies a new era for the Indian and global rail industry. By integrating Nevomo’s breakthrough Magrail technology with Texmaco’s engineering and manufacturing capabilities, we aim to introduce cutting-edge rail solutions that will revolutionize freight and passenger mobility.
AI-driven diagnostics, autonomous self-propelled systems, and sustainable rail solutions will reshape the industry and set new benchmarks for efficiency and safety. It can work in existing capacity and network to significantly improve efficiency which is green & cost-efficient. We are hopeful that existing port, mines, and rail logistics hubs can be extensively augmented with minimum Capex to boost multiple throughputs.
About the company
Texmaco Rail & Engineering Ltd is one of the leading railway stocks specializing in manufacturing freight cars, Rail infra, steel foundries, locomotives, and other related engineering products. The company is known for its significant contribution to India’s railway sector, offering high-quality, reliable products that support the transportation of goods and materials across the country
Segment’s Revenue
Texmaco Rail & Engineering Ltd segment revenue is distributed across three segments as follows: Freight car division segment revenue grew from Rs. 685.57 to Rs. 1115.02 Crores in FY24-25 and Infra rail & green energy fell from Rs. 142.19 to Rs. 109.63 Crores in FY24-25 and Infra electrical grew from Rs. 68.66 to Rs. 101.47 Crores in FY24-25.
Financials
The company’s revenue rose by 47.3 percent from Rs. 905.37 crore to Rs. 1,334.23 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs. 30.49 crore to Rs. 76.72 crore during the same period.
Written by Sridhar J
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