Texmaco Rail & Engineering
- Saroj Poddar
(Executive Chairman) - D.H. Kela
(Executive Director & CEO) - Indrajit Mookerjee
(Vice Chairman)[1]
- Freight wagons
- Locomotive shells
- Rolling stock
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Texmaco Rail & Engineering Ltd. is a private engineering and infrastructure company based in India. It is primarily engaged in the business of manufacturing railway wagons, coaches, and locomotives, as well as providing related services. The company is headquartered in Kolkata, West Bengal. The company manufactures coaches for the Indian Railways and many other private firms.[4]
Overview
Infrastructure projects
Apart from manufacturing rolling stock, Texmaco Rail and Engineering Ltd is involved in executing infrastructure projects related to railways and urban transport systems. They undertake the construction of railway bridges, signalling systems, electrification, and track laying, among other aspects of railway infrastructure.[5][6]
Collaboration and partnerships
The company has collaborated with leading international players in the railway industry to enhance its capabilities and technology. Texmaco Rail and Engineering Ltd has formed strategic partnerships with companies like Wabtec Corporation (formerly GE Transportation) and Nymburk, among others, to leverage their expertise and access new markets.[7][8]
Market presence
Texmaco Rail and Engineering Ltd has a strong presence in the Indian rail industry and has supplied its products to various customers, including Indian Railways, private freight operators, and metro rail projects in India. The company also exports its rolling stock and services to international markets.[5][9][10]
Subsidiaries
Texmaco Rail and Engineering Ltd has subsidiaries that complement its core business. Some of its subsidiaries include Texmaco Infrastructure and Holdings Ltd (focused on infrastructure projects) and Bright Power Projects (India) Pvt Ltd (involved in renewable energy projects).[11][12][13]
Financials
Texmaco Rail and Engineering Ltd reported total income of Rs.2269.65 crores during the Financial Year ended March 31, 2023 as compared to Rs.1644.16 crores during the Financial Year ended March 31, 2022. The company posted a net profit of Rs.26.02 crores for the Financial Year ended March 31, 2023 as against net profit of Rs.20.50 crores for the Financial Year ended March 31, 2022.[3][2]
Shareholding
As on 31 March 2023, Saroj Poddar-led Adventz group held 58.56% shares in Texmaco Rail & Engineering.[14]
Shareholders | Shareholding[15] |
---|---|
Promoters | 58.69% |
Domestic Institutional Investors | 08.17% |
Individual shareholders | 25.17% |
Foreign Institutional Investors | 01.72% |
Others | 06.25% |
Total | 100.00% |
The equity shares of Texmaco Rail & Engineering are listed on the Bombay Stock Exchange, and the National Stock Exchange of India.[16]
Products and services
The company is involved in the business of manufacturing of rolling stock, such as wagons, coaches, EMUs, loco shells & parts, etc., hydro mechanical equipment, steel castings, rail EPC, bridges and other steel structures. Texmaco entered into technical collaborations with renowned multinationals of Japan, U.S.A, U.K, Germany, Australia, Austria, Holland, etc. for developing and expanding its product portfolio.[17]
Texmaco also holds 41% stake in Texmaco Defence Systems Private Ltd. (TDSPL). TDSPL was incorporated with a view to expand its footprint in the defence segment in deference to the Government of India Policy of ‘Make in India’ and to identify opportunities in the defence segment.[18]
See also
References
- ^ "Texmaco Rail & Engineering Management Information - Details of Texmaco Rail & Engineering Management". The Economic Times. Retrieved 30 May 2023.
- ^ a b c "Texmaco Rail and Engineering Ltd Q4FY23 consolidated PAT higher at Rs. 18.32 crores". EquityBulls. 12 May 2023. Retrieved 30 May 2023.
- ^ a b c "Texmaco Rail & Engineering Ltd. Annual Report" (PDF). bseindia.com. Retrieved 26 June 2023.
- ^ "Texmaco Rail & Engineering gears up to meet demand for more wagons". www.thehindubusinessline.com. 9 March 2023. Retrieved 31 May 2023.
- ^ a b www.ETInfra.com. "Texmaco Rail bags Rs 252 cr order for Indore Metro - ET Infra". ETInfra.com. Retrieved 31 May 2023.
- ^ "Texmaco builds country's largest spillway radial gates for Subansiri hydropower project". The Economic Times. 28 April 2023. ISSN 0013-0389. Retrieved 31 May 2023.
- ^ www.ETAuto.com. "Texmaco inksfreight car JV with Slovak Co - ET Auto". ETAuto.com. Retrieved 31 May 2023.
- ^ "Texmaco gets a pie of Rs 40,000 crore GE and Alstom contracts". DNA India. Retrieved 31 May 2023.
- ^ Mukherjee, Ritwik (23 March 2023). "Texmaco Rail & Engineering bags railway project in Rwanda". www.bizzbuzz.news. Retrieved 31 May 2023.
- ^ "Texmaco Rail & Engineering eyes more acquisitions for expansion". VCCircle. Retrieved 8 June 2023.
- ^ "Texmaco Infra Consolidated March 2023 Net Sales at Rs 4.21 crore, down 49.22% Y-o-Y". Moneycontrol. 15 May 2023. Retrieved 31 May 2023.
- ^ "Texmaco Rail board approves transfer of rail EPC units to two separate arms". cnbctv18.com. 14 March 2023. Retrieved 31 May 2023.
- ^ "Texmaco to acquire majority stake in Bright Power Projects". www.thehindubusinessline.com. 16 September 2015. Retrieved 31 May 2023.
- ^ "Texmaco Rail & Engineering Shareholding Pattern". The Economic Times. Retrieved 31 May 2023.
- ^ "Texmaco Rail and Engineering Ltd to double business over five years". www.telegraphindia.com. Retrieved 31 May 2023.
- ^ "From RVNL to IRCON to IRCTC: Railway-related stocks in limelight ahead of Union Budget". Zee Business. 1 February 2023. Retrieved 31 May 2023.
- ^ "Texmaco Rail & Engineering partners with NYMWAG CS to make freight wagons". The Times of India. 20 April 2023. ISSN 0971-8257. Retrieved 31 May 2023.
- ^ "Texmaco Rail sells 10% stake in defence subsidiary". VCCircle. Retrieved 31 May 2023.