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Texmaco Rail & Engineering share price jumps 10% to ₹123.14 apiece on Tuesday, February 17, after the company announced it has secured two new orders worth ₹240 crore. The stock opened at ₹116.05 apiece in the early morning session on Tuesday, as compared to the previous close of ₹111.22.

In two separate exchange filings, Texmaco Rail & Engineering announced on Tuesday, February 16, that it had won two fresh contracts. One order, valued at ₹219.18 crore, was awarded by Mumbai Railway Vikas Corporation, while the second contract, worth ₹27.67 crore, came from South Western Railway.

The Mumbai Railway Vikas Corp awarded the order to the company for design, supply, installation, testing and commissioning of signalling equipment/gears in connection with the construction of the proposed line in Mumbai Suburban under (MUTP-IIIA).

The order covers turnkey delivery of advanced signalling systems and related infrastructure for a new Mumbai suburban rail corridor, with completion targeted within 36 months from the notice to proceed.

Additionally, Texmaco Rail & Engineering won a contract from South Western Railway for end-to-end annual maintenance and breakdown restoration of overhead equipment (OHE) and power supply assets across the Mysore Division.

The two-year agreement spans 1,046 track kilometres (TKM) of electrified lines and associated electrical infrastructure, with a total contract value of ₹27.67 crore (including GST), or about ₹23.45 crore excluding GST.

As part of the scope, the company will provide routine, preventive, and emergency services to maintain dependable and uninterrupted traction power. Following these awards, its cumulative OHE and power supply maintenance footprint has grown to 3,702.62 TKM across various sections of Indian Railways, including the Bengaluru Division and certain stretches of Dedicated Freight Corridor Corporation of India Limited, further reinforcing its position in railway electrification services.

The multibagger stock has remained under pressure in the near-term. The stock has gained over 1.89% in the past five sessions, meanwhile, has fallen 3.58% in a month.

Zooming out further, the multibagger stock has further descended 10.55% in last six months and 15% in one year.

However, Texmaco Rail share price has given multibagger returns of whopping 358% in last five years.

Texmaco Rail shares are listed on both BSE and NSE. The mulitbagger stock hit a 52-week high of ₹189 on June 26, 2025 and a 52-week low of ₹111 February 16, 2026.

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes o...

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