India's Texmaco Rail & Engineering rises on $4.2-million contract win

Texmaco Rail & Engineering

07/04/2026 07:57

** Shares of India's Texmaco Rail & Engineering TEXA.NS rise 2.67% to 92.59 rupees

** Co received an order from India's Southern Railway worth 392.6 million rupees ($4.22 million)

** The contract involves testing and commissioning of the 25 KV railway overhead electrification system for track doubling under the Southern Railway

** Trading vols at 2.61 million shares vs 30-day average of 2.54 million shares

** YTD, stock drops 34.30%

($1 = 92.9600 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))