Texmaco Rail & Engineering expects 30-35% growth on order book

25 May 2023 CW Team

During the fourth quarter of the previous fiscal year, the company experienced a notable ramp-up in production, registering a remarkable 40 percent increase. This surge in production has served as a positive indicator of the company's performance and sets the stage for further growth in the coming months.

Bhuwania shared the projections for the first half of FY24. The company expects to achieve a production ramp-up of 25-30 percent during this period. This anticipated growth is a testament to the company's commitment to meeting market demands and capitalising on emerging opportunities.

“In Q4FY23, we did around 1,400 wagons, whereas, in Q3, we were close to 1,000 wagons. So, there was a ramp-up of around 40 percent during Q4FY23. So, from 1,400 onwards we expect a further ramp-up of around 25-30 percent in the first half of the current financial year, and in H2 of the current financial year (second half of FY24), we expect another ramp-up of around 25-30 percent,” said Bhuwania.

Talking about the order book, he said that the heavy engineering division boasts an impressive order book worth Rs 67 billion. This substantial backlog indicates robust demand for the company's engineering solutions and demonstrates its strong market presence.

Additionally, the company's engineering, procurement, and construction (EPC) division holds an order book valued at Rs 15 billion. This highlights the diversified portfolio of Texmaco Rail and its ability to secure contracts in various sectors, further strengthening its market position.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Soon after a significant production ramp-up in the January-March quarter, Texmaco Rail & Engineering, is planning another round of growth in the current financial year targeting at least 25 percent rise in production. The company, which makes coaches, wagons, and signalling systems for railways, is a leading player in the engineering and infrastructure sector. Hemant Bhuwania, the Chief Financial Officer (CFO) of the company, revealed promising figures for the company's production and order book. During the fourth quarter of the previous fiscal year, the company experienced a notable ramp-up in production, registering a remarkable 40 percent increase. This surge in production has served as a positive indicator of the company's performance and sets the stage for further growth in the coming months. Bhuwania shared the projections for the first half of FY24. The company expects to achieve a production ramp-up of 25-30 percent during this period. This anticipated growth is a testament to the company's commitment to meeting market demands and capitalising on emerging opportunities. “In Q4FY23, we did around 1,400 wagons, whereas, in Q3, we were close to 1,000 wagons. So, there was a ramp-up of around 40 percent during Q4FY23. So, from 1,400 onwards we expect a further ramp-up of around 25-30 percent in the first half of the current financial year, and in H2 of the current financial year (second half of FY24), we expect another ramp-up of around 25-30 percent,” said Bhuwania. Talking about the order book, he said that the heavy engineering division boasts an impressive order book worth Rs 67 billion. This substantial backlog indicates robust demand for the company's engineering solutions and demonstrates its strong market presence. Additionally, the company's engineering, procurement, and construction (EPC) division holds an order book valued at Rs 15 billion. This highlights the diversified portfolio of Texmaco Rail and its ability to secure contracts in various sectors, further strengthening its market position. See also: Wabtec to modernize 25 MTR locomotivesIndian Railways to earmark Rs 13,000 cr for stations upgrade in FY24

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..