Texmaco bags ₹535-crore order from Cameroon’s CAMALCO for wagons, maintenance

Engineering major Texmaco Rail and Engineering Ltd on Wednesday (June 25) said it has secured a major international order worth $62.24 million (approximately ₹535 crore) from CAMALCO SA., Cameroon.

The order comprises two key components — the manufacture and supply of 560 open-top wagons valued at $32.76 million (₹282 crore), and a 20-year long-term maintenance contract worth $29.48 million (₹253 crore). The wagon supply is scheduled to be executed in two phases over 24 months from the date of the purchase order.

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The contract also includes a provision for additional orders of 1,040 wagons over the next five years, along with their long-term maintenance, which could significantly expand the scope and value of the engagement.Fourth quarter 

Texmaco Rail & Engineering’s revenue rose 17.5% year-on-year to ₹1,346.4 crore, driven by continued execution across its railway and engineering segments.

Operating performance also improved, with EBITDA up 14.7% to ₹97.6 crore, while margins held largely steady at 7.3%. However, net profit dipped 12% to ₹40 crore from ₹45 crore a year ago.

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The board recommended a final dividend of ₹0.75 per equity share (75%) for the financial year ended March 31, 2025.

Texmaco, a key player in the Adventz Group, is engaged in manufacturing railway wagons, coaches, and locomotives. Shares of Texmaco Rail & Engineering Ltd ended at ₹173.45, up by ₹7.50, or 4.52%, on the BSE.