Texmaco Rail Eyes Future Growth with Government Order and QIP Funding

15 Dec 2023 , 01:59 PM

Texmaco Rail Executive Director, Indrajit Mookerjee, anticipates more private and government orders following the company’s Rs 1,374.41-crore contract with the Ministry of Railways.

The recent orders are slated for delivery between mid-2024 and December 2025. Texmaco Rail’s current order book includes 50,000 wagons from Indian Railways and 2,000 wagons from private institutions, with a pending order of 4,000 wagons in the pipeline.

The company’s joint venture secured a Rs 179.89-crore order for a hydropower project in Nepal in October.

Texmaco Rail, part of the KK Birla Group, is engaged in manufacturing rolling stock, including wagons, coaches, loco shells, and hydro-mechanical equipment.

The company recently raised Rs 750 crore through a qualified institutional placement (QIP) for loan repayment, capital expenditures, and general corporate purposes.

With a 30 % hit ratio, Texmaco Rail is expanding production and optimizing its plant to meet future demands.

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