Texmaco Wins Rs 1.22 Billion Railway Contract

05 Jun 2025 CW Team

Texmaco Rail & Engineering Ltd has secured a contract worth Rs 1.22 billion from the Mumbai Railway Vikas Corporation Limited (MRVC) for the design, supply, construction, installation, testing, and commissioning of traction transformers and associated infrastructure. This work will be executed along Mumbai's Western Railway, which also serves the city’s suburban rail network.

According to an exchange filing dated 3 June, the contract was awarded on 2 June 2025 and is to be completed within 30 months. This latest order strengthens Texmaco’s presence in urban rail electrification and infrastructure development.

In a separate development last week, the company announced it had received an additional order valued at Rs 1.4 billion for the manufacture and supply of eight rakes of flat multi-purpose wagons. This follows its February 2025 partnership with Polish technology firm Nevomo to pursue next-generation railway innovations under a signed Memorandum of Understanding (MoU).

Q4 FY25 Performance

In the fourth quarter of FY25, Texmaco reported a 12 per cent year-on-year decline in net profit, falling to Rs 400 million from Rs 450 million. However, revenues rose by 17.5 per cent to Rs 13.46 billion. The company’s EBITDA also saw a year-on-year increase of 14.7 per cent, reaching Rs 976 million.

Share Performance

On 3 June, Texmaco shares declined by 0.48 per cent, closing at Rs 159.25. Despite the daily dip, the stock has gained 14.68 per cent over the past month, with its current value standing at Rs 160.66 per share.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..