Business Update12 May 2026, 08:01 pm
Texmaco Rail Secures ₹4045 Cr South African Rail Order
AI Summary
Texmaco Rail & Engineering Ltd has secured a Letter of Award from a South African Train Operating Company for the supply of over 2,235 freight wagons and 30 diesel locomotives, valued at over ₹4,045 crores. The deal includes a 15-year maintenance partnership, marking a major international breakthrough and strengthening Texmaco's global rail expansion strategy. This project aligns with South Africa's rail sector reforms and open access freight rail framework, potentially opening further opportunities for Texmaco in the African rail ecosystem.
Key Highlights
- Texmaco secures South African rail order worth over ₹4,045 crores.
- Order includes supply of 2,235+ freight wagons and 30 diesel locomotives.
- Deal incorporates a 15-year maintenance partnership.
- Opportunity strengthens Texmaco's global rail expansion strategy.
- Project aligns with South Africa's rail sector reforms.