Texmaco Rail Share Price Rises 7%; Bags ₹219 Crore Mumbai Railway Signalling Order

Texmaco Rail & Engineering Limited has secured a significant infrastructure contract worth ₹219.18 crore from Mumbai Railway Vikas Corporation Ltd for signalling works in Mumbai’s suburban railway expansion project. 

The order strengthens the company’s presence in railway signalling and infrastructure modernisation projects across India.

Scope of the Contract

The project involves design, supply, installation, testing, and commissioning of advanced signalling equipment and systems. These installations are part of the construction of a proposed suburban railway line under the Mumbai Urban Transport Project Phase IIIA (MUTP-IIIA), aimed at easing congestion and improving suburban rail connectivity.

Project Nature and Execution Timeline

The contract has been awarded by a domestic entity and is entirely focused on domestic railway infrastructure development. 

According to project terms, the work must be completed within 36 months from the issuance of the Notice to Proceed. This timeline ensures phased development aligned with Mumbai’s long-term transport capacity enhancement plans.

Order Value and Strategic Importance

The contract value stands at ₹219.18 crore, excluding applicable taxes. The project enhances Texmaco Rail’s order book and strengthens its position in railway signalling solutions, an area seeing rising investments due to urban transit expansion and modernisation initiatives across major Indian cities.

Secures OHE Maintenance Contract in Mysore Division

On February 16, the company informed the exchanges that it had received an order from South Western Railway to undertake comprehensive annual maintenance and breakdown restoration of overhead equipment (OHE) and power supply installations across the Mysore Division for two years, covering 1,046 track kilometres of electrified railway infrastructure. 

The contract, valued at ₹27.67 crore including GST (~₹23.45 crore excluding GST), involves routine, preventive, and emergency maintenance to ensure uninterrupted and efficient traction power operations. 

With this new mandate, Texmaco’s cumulative OHE and power supply maintenance portfolio expands to 3,702.62 track kilometres across various railway corridors under Indian Railways, including sections maintained for Dedicated Freight Corridor Corporation of India Limited.

Texmaco Rail Share Price Performance

On February 17, 2026, Texmaco Rail share price (NSE: TEXRAIL) opened at ₹116.90, up from its previous close of ₹111.22. At 10:30 AM, the share price of Texmaco Rail was trading at ₹119.56, up by 7.50% on the NSE.

Also Read: Best PSU Stocks in India in February 2026!

Conclusion

This order reinforces Texmaco Rail’s role in India’s railway infrastructure growth while supporting Mumbai’s suburban transport expansion. Successful execution could pave the way for additional large-scale signalling and rail modernisation opportunities in the coming years.

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