Texmaco Rail & Engineering Ltd has received a ₹15.06-crore contract from the Delhi Metro Rail Corporation (DMRC). The project involves installing, testing and commissioning ballast-less railway track systems across important routes in the National Capital Region.

Ballast-less tracks use concrete or asphalt slabs instead of traditional stone ballast, providing better stability and durability.

Texmaco Project Details

The project includes a 5.8 km-long track spread across 3 locations:

• Saket-G station (Line 11)
• Sarita Vihar Depot (Line 10)
• Noida Electronic City station (Line 3)

Work is set to begin on December 1, with a 12-month completion timeline, following DMRC’s strict safety and quality norms.

Texmaco Share Price Performance 

Texmaco Rail & Engineering share price (NSE: TEXRAIL) closed at ₹135.78, up 3.94% for the day. The stock traded between ₹131.01 and ₹136.00, giving it a market cap of ₹5,510 crore. It has a P/E ratio of 25.91, a dividend yield of 0.55%, and currently sits well below its 52-week high of ₹239.74, while staying above its 52-week low of ₹119.06.

Company’s Response

Managing Director Sudipta Mukherjee said the order reflects strong confidence in Texmaco’s engineering skills and supports the Make in India initiative.

Texmaco is also working on a much larger DMRC project involving 58 km of tracks between Majlis Park and R.K. Ashram, with 22 km already completed, including crossings and turnouts.

Also Read: Best Performing Nifty 1D Rate Liquid ETFs in November!

Conclusion

With the new ₹15-crore DMRC contract and progress on its bigger metro project, Texmaco continues to strengthen its presence in India’s railway infrastructure sector. The order win boosted investor sentiment, pushing the stock higher for the day.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.