Texmaco Rail & Engineering Ltd

This pioneering agreement heralds a new era of rail infrastructure innovation, high-speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains to revolutionize mobility in India and on the global stage. Leveraging Texmaco's extensive manufacturing capabilities and Nevomo's technological prowess, the collaboration aspires to bolster rail network efficiency, expand capacity, and modernize existing railway & port systems, along with quantum efficiency improvements in mines, captive rail, & logistics setup. Texmaco Rail and Nevomo plan to introduce advanced rail solutions to international markets, positioning themselves at the forefront of next-generation railway innovations. Sudipta Mukherjee, Managing Director of Texmaco Rail & Engineering, said, '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 ports, mines, and rail logistics hubs can be extensively augmented with minimum Capex to boost multiple throughputs.' Harj Dhaliwal, chief business & capital program officer, Nevomo, added, 'We are thrilled to partner with Texmaco to bring Magrail technology to India and beyond. By integrating advanced technology in ports, logistics hubs, and the Indian railway network, we can enhance connectivity, efficiency, and capacity'aligning with the vision of the India-Middle East, East-Europe Economic Corridor. This collaboration represents a major step in modernizing rail and port infrastructure, accelerating economic growth, and strengthening its access to global markets. At Nevomo, we are committed to driving innovation with AI-driven diagnostics and autonomous freight wagons, paving the way for the future of sustainable rail transport and supporting India's industrial ambitions.' Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc. The company's consolidated net profit soared 151.6% to Rs 76.72 crore on a 47.9% increase in revenue from operations to Rs 1,326.14 crore in Q3 FY25.Powered by Capital Market - Live

Texmaco Rail & Engineering has entered into a strategic Memorandum of Understanding (MoU) with Nevomo, a Polish technology entity founded in 2017, European pioneer in nextgeneration Magrail technology and Linear Propulsion Systems along with related technology solutions. This pioneering agreement heralds a new era of rail infrastructure innovation, high speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains to revolutionize mobility in India and on the global stage. This alliance aims to redefine the rail industry by co-developing and implementing Nevomo's cutting-edge Magrail technology and Linear Propulsion Systems along with related technology solutions. Leveraging Texmaco's extensive manufacturing capabilities and Nevomo's technological prowess, the collaboration aspires to bolster rail network efficiency, expand capacity, and modernize existing railway & port systems along with quantum efficiency improvement in mines, captive rail & logistics setup. Furthermore, it underscores India's vision to become a global leader in next-generation transportation solutions and make in India initiatives.Powered by Capital Market - Live

Mishra Dhatu Nigam Ltd, Ircon International Ltd, Rail Vikas Nigam Ltd and NCC Ltd are among the other losers in the BSE's 'A' group today, 01 February 2025.Texmaco Rail & Engineering Ltd tumbled 9.18% to Rs 178.55 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 9.73 lakh shares were traded on the counter so far as against the average daily volumes of 1.67 lakh shares in the past one month.Mishra Dhatu Nigam Ltd crashed 8.95% to Rs 298.95. The stock was the second biggest loser in 'A' group.On the BSE, 75501 shares were traded on the counter so far as against the average daily volumes of 22312 shares in the past one month.Ircon International Ltd lost 7.88% to Rs 204.1. The stock was the third biggest loser in 'A' group.On the BSE, 27.1 lakh shares were traded on the counter so far as against the average daily volumes of 5.15 lakh shares in the past one month.Rail Vikas Nigam Ltd shed 7.76% to Rs 439.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 58.55 lakh shares were traded on the counter so far as against the average daily volumes of 8.24 lakh shares in the past one month.NCC Ltd pared 7.53% to Rs 233.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 1.57 lakh shares in the past one month.Powered by Capital Market - Live

Net profit of Texmaco Rail & Engineering rose 151.62% to Rs 76.72 crore in the quarter ended December 2024 as against Rs 30.49 crore during the previous quarter ended December 2023. Sales rose 47.93% to Rs 1326.14 crore in the quarter ended December 2024 as against Rs 896.44 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1326.14896.44 48 OPM %9.859.20 - PBDT103.9457.58 81 PBT93.1448.65 91 NP76.7230.49 152 Powered by Capital Market - Live

The Board of Texmaco Rail & Engineering at its meeting held on 31 January 2025 has inter-alia considered and approved the Scheme of Arrangement between the Company and Belgharia Engineering Udyog, a wholly owned subsidiary of the Company (Transferee Company or BEL) and their respective shareholders and creditors under the under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ('Act') ('Scheme'), which inter alia provides for transfer of the Transferred Undertaking (as defined in the Scheme) from the Transferor Company to the Transferee Company as a going concern on slump exchange basis, with effect from the Appointed Date (as defined in the Scheme) and various other matters consequential thereto or otherwise integrally connected therewith in the manner set out in the Scheme.Powered by Capital Market - Live

Texmaco Rail & Engineering will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

Texmaco Rail & Engineering has received revision in credit rating from CARE as under: Long term bank facilities - CARE A (RWD) (revised from CARE A- (RWD)) Short term bank facilities - CARE A1 (RWD) (revised from CARE A2+ (RWD)) RWD indicates that the rating is under review with developing implications. Powered by Capital Market - Live

We write to inform you that the company has received an order for construction of 09 (nine) No. 132KV transmission lines on a turnkey basis (total RL: 291 km approximately) valuing Rs 187.41 crores approximately from Chhattisgarh State Power Transmission, a Government of Chhattisgarh undertaking, the company said in a regulatory filing. The letter of acceptance (LoA), dated 16 December 2024, details a project timeline of 15 months for completion. Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings and pressure vessels etc. The company's consolidated net profit soared 233.81% to Rs 67.43 crore on a 67.18% increase in revenue from operations to Rs 1,345.88 crore in Q2 FY25.Powered by Capital Market - Live

Texmaco Rail & Engineering has received an order for construction of 09 (nine) No.132KV transmission lines on turnkey basis (Total RL: 291 km approx.) valuing Rs. 187.41 crore approx. from Chhattisgarh State Power Transmission Co., a Government of Chhattisgarh Undertaking, to be executed over a period of 15 monthPowered by Capital Market - Live

Net profit of Texmaco Rail & Engineering rose 195.58% to Rs 72.86 crore in the quarter ended September 2024 as against Rs 24.65 crore during the previous quarter ended September 2023. Sales rose 67.18% to Rs 1345.88 crore in the quarter ended September 2024 as against Rs 805.05 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1345.88805.05 67 OPM %9.829.47 - PBDT108.4344.99 141 PBT97.5436.19 170 NP72.8624.65 196 Powered by Capital Market - Live