Shares of Texmaco Rail and Engineering Ltd rallied 6% during the trading session on 21 December after the company announced securing an order from the Ministry of Railways.

In its regulatory filing, the company said that it had received a letter of acceptance from the Ministry of Railways to manufacture and supply 3,400 BOXNS wagons for a total consideration of Rs 1,374.41 crore.

The company added that the order has to be executed in trenches, of which the first tranche of 1133 wagons is to be executed by 31 December 2024, the second tranche of 1133 wagons to be executed by 30 June 2025 & the third tranche of 1134 wagons to be executed by 31 December 2025.

In October, the company’s Joint Venture (JV) with SS Fabricators and Manufacturers received an order from SJVN Arun-3 Power Development Company Limited for constructing a 900-megawatt un-of-the-river hydropower project in Nepal for a total consideration of Rs 179.89 crore.

At 1:20 pm, the shares of Texmaco Rail and Engineering Ltd were trading 3.22% higher at Rs 168.40 on NSE.