Texmaco Rail wins ₹48.60 crore North Western Railway order

Texmaco Rail & Engineering Limited (NSE: TEXRAIL) TEXRAIL has won a ₹48.60 crore order from North Western Railway. It covers 968 sets of 1 in 12 BG Weldable CMS Crossings, delivered in phases by January 11, 2029. The value includes taxes. What happened: The crossings are for 60E1 rail in R-260 grade on PSC sleepers, made to RDSO specifications. Spread over about 26 months, the order works out to roughly ₹22 crore a year, and about ₹5.02 lakh a set. Both figures are my own arithmetic on the tax-inclusive value. Revenue booked will be lower once taxes are removed. This follows wagon orders totalling ₹428.55 crore from Ultratech Cement, Jujhar Logistics and APL Logistics Vascor in November 2026. My view: This order is small next to the wagon wins. It is about 11% of that ₹428.55 crore. Its value is in the mix. Track components add a second line of business next to rolling stock, so order inflow does not rest on wagons alone. The tax-inclusive price and the long delivery window also mean this is slow, steady revenue, not a near-term jump. Raw material costs over 26 months are the main risk to margin, and the company has not shared the margin on this order. What I am watching: delivery progress on the crossing sets, the order book in the next quarterly filing, and any further Ministry of Railways track orders. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.