Texmaco Rail EPC orders worth Rs. 10.20 crore have been secured through two rail EPC and electrification-related awards, following Regulation 30 disclosures dated June 26 and June 27, 2026.

Indian Railways train under overhead lines
Illustrative photo of an Indian Railways train under overhead lines. Photo: Belur Ashok / Wikimedia Commons / CC BY 2.0

The awards include a Rs. 5.49 crore Letter of Acceptance from Northern Railway⁠ for anti-climbing device installation in Moradabad Division and a Rs. 4.71 crore Letter of Intent from Mangalore Coal Terminal Private Limited⁠ for 25KV overhead electrification work.

The back-to-back filings brought the Adventz Group’s listed rail engineering business into focus during the week. The combined value is limited compared with Texmaco Rail’s overall scale, but the orders show activity in business areas that sit alongside its better-known wagon manufacturing operations.

The company’s shares were trading at Rs. 109.88 apiece, 0.11 percent lower than the previous close of Rs. 110. Texmaco Rail & Engineering Limited had a market capitalisation of Rs. 4,475.51 crore and was trading at a P/E ratio of 26.18.

Northern Railway order in Moradabad Division

The Northern Railway order, disclosed on June 26, covers the provision of monkey anti-climbing devices across Moradabad Division. The contract is valued at Rs. 5.49 crore, including taxes, and is due to be completed within nine months.

These devices are physical deterrents installed on overhead electrification masts, poles, and gantries to prevent wildlife from accessing live catenary equipment and causing outages. Animal interference with overhead electrification infrastructure is described as a recurring source of disruption for Indian Railways, especially in divisions passing through wildlife corridors or heavily populated monkey zones.

The contract is routine and supply-led, with a short execution period, low complexity, and limited execution risk.

Texmaco Rail EPC orders include 25KV electrification

The second order, dated June 27, came from Mangalore Coal Terminal Private Limited. It is a Letter of Intent for the design, supply, erection, testing, and commissioning of 25KV, 50Hz overhead electrical equipment. The contract is worth Rs. 4.71 crore and has a 12-month execution timeline.

The electrification specification matches the standard used by Indian Railways, allowing mainline electric locomotives to operate directly inside the terminal. The practical benefit is eliminating the need for diesel shunters or traction changeovers at the terminal boundary, which is presented as an efficiency gain for bulk commodity handling.

Together, the two contracts add Rs. 10.20 crore to Texmaco Rail’s order book. Against the company’s FY2026 consolidated revenue of Rs. 4,377 crore, however, the value remains small and is not large enough on its own to materially shift the order book.

Rail EPC and electrification business

Texmaco Rail’s main business identity remains closely tied to wagon supply for Indian Railways. Its Rail EPC and electrification activities operate in parallel, with shorter project cycles, wider geographic spread, and customers that include zonal railways, private operators, and state utilities.

The Mangalore Coal Terminal order points to work linked with captive rail sidings in India’s port and bulk logistics sector. Sidings electrified to 25KV standards create opportunities for qualified overhead electrification EPC contractors. Texmaco’s experience places it within this segment, although the market described remains modest.

Aerial view of Mangalore Coal Terminal
Mangalore Coal Terminal on India’s western coast. Photo: JSW Infrastructure

The Northern Railway award, by contrast, is presented as a standard recurring maintenance-type contract with low risk and predictable margins.

The Mangalore Coal Terminal order has a direct rail-siding context. Indian Railways’ alpha-code list identifies M/s. Mangalore Coal Terminal Private Limited siding as served by Panamburu, with code MCTP under Southern Railway. That makes the 25KV overhead equipment scope more concrete for readers: it relates to electrification at a railway-connected bulk terminal, while the Northern Railway award remains a separate OHE protection contract.

Texmaco Rail & Engineering Limited is an engineering infrastructure company within the Adventz Group. Its activities include manufacturing railway wagons, freight rolling stock, steel castings, and hydro-mechanical equipment. The company also undertakes Rail EPC work, including bridges and steel structures.

In FY2026, Texmaco Rail reported consolidated revenue⁠ of Rs. 4,377 crore, down about 14 percent from Rs. 5,107 crore in FY2025. Net profit declined to Rs. 194 crore from Rs. 249 crore. EBITDA margins stayed near 9 percent, while free cash flow rose sharply to Rs. 196 crore. Borrowings stood at Rs. 895 crore as of March 2026.