India's Texmaco Rail rises on 1.29-billion-rupee order win

Texmaco Rail & Engineering

12/09/2025 10:56

** Shares of Texmaco Rail & EngineeringTEXA.NS, RIC rise 3.8% to 147.40 rupees, their highest level in three weeks

** Co wins order worth 1.29 billion rupees ($14.6 million) from Rail Vikas Nigam RAIV.NS for electric traction system

** Nearly 3 mln shares traded so far, 2x 30-day avg

** Stock is down 24% so far in 2025

($1 = 88.2900 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))