Texmaco Rail & Engineering Limited has announced the award of a new railway infrastructure contract from North Central Railway. The project focuses on upgrading signalling systems to improve operational reliability across multiple stations.
Such contracts form part of ongoing efforts to strengthen railway safety and efficiency through targeted technology enhancements.
The contract has been awarded by North Central Railway and is valued at ₹22.91 crore, excluding applicable taxes. The scope involves work across 14 stations within the Prayagraj Division, reflecting a targeted infrastructure upgrade initiative within a key railway zone.
The project centres on improving the reliability of track circuits by installing Multi Section Digital Axle Counters (MSDAC) alongside the existing Double Line Track Circuit (DCTC) systems.
This dual-system approach is intended to support more consistent train detection, reduce the likelihood of signalling disruptions, and strengthen operational continuity across the identified stations.
According to the disclosure, the entire project is scheduled for completion within 180 days. This defined timeline indicates a relatively short-term execution horizon for the company.
The contract is domestic in nature and has been awarded by a government railway entity. The company has confirmed that there is no promoter or group company interest involved in the awarding entity.
Additionally, the order does not fall under related party transactions, suggesting that it has been secured through standard business processes.
As of 30 March 2026,Texmaco Rail & Engineering Limited’s share price stood at ₹82.48, reflecting a decline of 1.41% compared to the previous close of ₹83.66. During the session, the stock recorded a high of ₹83.24 and a low of ₹80.48.
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The contract from North Central Railway adds to Texmaco Rail’s project portfolio in the railway signalling segment. While the order contributes to near-term execution visibility, its overall impact will depend on timely completion and broader business developments.
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Published on: Mar 30, 2026, 9:54 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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