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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..