Texmaco Rail bags ₹130 crore Kochi Metro order; execution in 16 months
Sarthak Kumar
Texmaco Rail & Engineering Ltd has secured an order worth ₹130.22 crore from Kochi Metro Rail Limited (KMRL) for track-related works under the Phase 2 corridor of the Kochi Metro Rail Project.
According to the company’s exchange filing, the order involves design, supply, installation, testing, and commissioning of ballastless track and standard gauge track connections for the elevated section of the Phase 2 corridor.
The project is domestic in nature and is scheduled to be executed within 16 months from the date of issuance of the letter of acceptance.
The order pertains to the elevated section of the Kochi Metro Phase 2 corridor, which is being developed to improve connectivity between key urban and IT hubs in Kochi. Industry reports suggest the Phase 2 expansion spans around 11.2 km and connects Jawaharlal Nehru Stadium to Infopark at Kakkanad.
Texmaco Rail said the contract does not involve any related party transactions and that neither promoters nor promoter group entities have any interest in the awarding authority.
The latest win adds to a series of recent order inflows for the rail engineering company. Earlier this year, Texmaco Rail secured two orders worth over ₹240 crore, which had boosted investor sentiment around the stock.
The company has also been expanding its strategic partnerships in the railway and metro infrastructure segment. Recently, Texmaco Rail entered into a joint venture agreement with Rail Vikas Nigam Limited (RVNL), aimed at focusing on freight systems, metro projects, locomotive platforms, EPC rail infrastructure, and overseas rail opportunities.
In another recent development, the company bagged signalling and railway infrastructure-related contracts from Indian Railways and North Central Railway, strengthening its execution pipeline in the domestic rail modernisation space.
Texmaco Rail & Engineering, part of the Adventz Group, operates across wagon manufacturing, rail EPC, metro infrastructure, signalling systems, and rail electrification. The company has been benefiting from increased government spending on railway modernisation, metro expansion, and freight corridor infrastructure across India.