NDTV Profit reported that Texmaco Rail & Engineering shares rose Oct. 29 while a Railway Board amendment reportedly added 1,020 wagons to the company's existing order.
Texmaco's Dec. 20, 2023, filing said the Railway Board awarded the company an order for 3,400 BOXNS wagons, valued at approximately Rs 1,374.41 crore. The filing scheduled the final delivery tranche for Dec. 31, 2025. The Railway Board's contract register lists the original quantity and a value of Rs 13,744,149,120.
NDTV Profit said a letter dated Oct. 28 increased the order to 4,420 wagons. It reported that the additional 1,020 wagons were valued at Rs 412.32 crore and would be supplied at the original price and on the same terms. The outlet said deliveries of the added wagons would continue until June 11, 2027.
NDTV Profit reported an intraday share-price high of Rs 107.04, up 6.19%, and a quote of Rs 104.25, up 3.42%, during Thursday trading. The Research Designs and Standards Organisation classifies BOXNS as an open-wagon type for broad-gauge bogies.
