Texmaco Rail Share Price in Focus as Southern Railway Awards ₹187.28 Crore Orders to the Company

On April 29, 2026, Texmaco Rail & Engineering Limited announced the receipt of significant orders from Southern Railway. The orders, valued at ₹187.28 crore, involve the provision of interlocking arrangements at 183 non-interlocked gates. 

Details of the Order 

Southern Railway, a domestic entity, has awarded Texmaco Rail 4 orders to provide interlocking arrangements at 183 non-interlocked gates. This project is valued at ₹187.28 crore, excluding taxes. The execution period for these orders is set at 18 months from the date of the Letter of Acceptance. 

Significance of the Project 

The interlocking arrangements are crucial for enhancing safety at railway crossings. By automating the gates, the risk of accidents can be significantly reduced, ensuring smoother and safer railway operations. 

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Contractual Terms and Conditions 

The orders are purely domestic and do not involve any international entities. Texmaco Rail confirmed that there is no interest from its promoter group in Southern Railway, and the orders do not constitute related party transactions. 

Execution Timeline 

The project is expected to be completed within 18 months, ensuring timely implementation of safety measures. This timeline is crucial for maintaining the operational efficiency of the railway network. 

Texmaco Rail & Engineering Share Price Performance  

As of April 29, 2026, at 3:30 PM, Texmaco Rail & Engineering share price on NSE was closed at ₹106.32 up by 0.37% from the previous closing price. 

Conclusion 

Texmaco Rail's receipt of orders worth ₹187.28 crore from Southern Railway marks a significant development in railway safety enhancements. The project focuses on interlocking arrangements at 183 gates, with a completion timeline of 18 months. 

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