Texmaco Rail & Engineering Limited wins Rs 428.55 crore orders
Key highlights
- Texmaco Rail disclosed three domestic wagon orders worth Rs 428.55 crore, including taxes, on 5 November 2026.
- Jujhar Logistics & Travels Limited placed a Rs 329.53 crore order for 15 rakes and 15 BVCM wagons.
- APL Logistics Vascor Automotive placed a Rs 68.04 crore order for 3 ACT3 rakes and 3 BVCM wagons.
- Ultratech Cement placed a Rs 30.98 crore order due on or before 28 February 2027.
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Texmaco Rail received three domestic wagon manufacture-and-supply orders worth Rs 428.55 crore, including taxes, on 5 November 2026, led by Jujhar Logistics & Travels Limited’s Rs 329.53 crore contract for 15 rakes comprising ACT1 and ACT3 wagons and 15 BVCM wagons; all three customers are domestic.
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What orders did Texmaco Rail receive?
Texmaco Rail received three domestic orders worth between Rs 30.98 crore and Rs 329.53 crore, with aggregate consideration of Rs 428.55 crore including taxes. The 5 November 2026 disclosure identifies the contracts as manufacture-and-supply orders for freight-wagon rakes and accompanying BVCM wagons.
The Ultratech Cement order is worth Rs 30.98 crore and covers one BCFCM1 rake with one BVCM wagon. APL Logistics Vascor Automotive placed the Rs 68.04 crore order for three ACT3 rakes and three BVCM wagons, making it the second-largest contract by value but smaller than the Jujhar Logistics contract.
How concentrated are Texmaco Rail's disclosed orders?
Texmaco Rail’s Rs 329.53 crore Jujhar Logistics contract represents about 76.9% of the Rs 428.55 crore aggregate disclosed value. The Ultratech Cement and APL Logistics Vascor Automotive orders together total Rs 99.02 crore, or about 23.1% of the three-order announcement.
The Jujhar Logistics contract is more than 10 times the Rs 30.98 crore Ultratech Cement order and about 4.8 times the Rs 68.04 crore APL Logistics Vascor Automotive order. These comparisons use the stated consideration including taxes and compare contract values, rather than the number of rakes in each order.
The order mix also differs by supplied equipment. Jujhar Logistics ordered 15 rakes comprising ACT1 and ACT3 wagons, while APL Logistics Vascor Automotive ordered three ACT3 rakes and Ultratech Cement ordered one BCFCM1 rake. Each contract also includes BVCM wagons in quantities of 15, three and one respectively.
What wagons will Texmaco Rail supply?
Texmaco Rail will supply ACT1 and ACT3 wagons to Jujhar Logistics, BCFCM1 wagons to Ultratech Cement and ACT3 wagons to APL Logistics Vascor Automotive. The filing uses ACT1, ACT3, BCFCM1 and BVCM as wagon designations but does not expand those designations.
The Rs 329.53 crore Jujhar Logistics contract combines 15 rakes comprising ACT1 and ACT3 wagons with 15 BVCM wagons. The Rs 68.04 crore APL Logistics Vascor Automotive contract specifies ACT3 wagons only, while the Rs 30.98 crore Ultratech Cement order specifies one BCFCM1 rake.
The Rs 428.55 crore announcement therefore combines a 15-rake contract, a three-rake contract and a one-rake contract. Texmaco Rail classified all three as domestic manufacture-and-supply orders, without disclosing a service, maintenance or leasing component for any of them.
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When will Texmaco Rail execute the wagon orders?
Texmaco Rail is to execute the Rs 30.98 crore Ultratech Cement order on or before 28 February 2027, while the Rs 68.04 crore APL Logistics Vascor Automotive order is due on or before 31 December 2027. These are the two calendar completion dates specified in the 5 November 2026 disclosure.
For the Rs 329.53 crore Jujhar Logistics order, Texmaco Rail said the first ACT1 rake is due within five months, followed by each subsequent rake within 50 days thereafter. The ACT3 wagons are to be supplied in a phased manner, and the filing does not provide a final calendar completion date for that ACT3 supply.
The schedules differ across the three contracts. Ultratech Cement has a 28 February 2027 deadline for one rake, APL Logistics Vascor Automotive has a 31 December 2027 deadline for three rakes, and Jujhar Logistics has an ACT1 delivery sequence alongside phased ACT3 supplies for its 15-rake order.
Are Texmaco Rail's new orders related-party transactions?
Texmaco Rail stated that none of the three contracts is a related-party transaction. It also reported that its promoter, promoter group and group companies have no interest in Ultratech Cement, Jujhar Logistics or APL Logistics Vascor Automotive.
This declaration applies separately to the Rs 30.98 crore Ultratech Cement order, the Rs 329.53 crore Jujhar Logistics order and the Rs 68.04 crore APL Logistics Vascor Automotive order. The filing identifies all three counterparties as domestic entities and records no disclosed promoter-group interest in them.
Conclusion
Texmaco Rail’s 5 November 2026 disclosure adds Rs 428.55 crore of domestic wagon orders from three customers, with the Rs 329.53 crore Jujhar Logistics contract accounting for most of the announced value. That contract combines 15 rakes comprising ACT1 and ACT3 wagons with 15 BVCM wagons, compared with three ACT3 rakes for APL Logistics Vascor Automotive and one BCFCM1 rake for Ultratech Cement.
The disclosed execution milestones are the Ultratech Cement deadline of 28 February 2027, the first Jujhar Logistics ACT1 rake within five months followed by subsequent rakes within 50 days, phased ACT3 deliveries, and the APL Logistics Vascor Automotive deadline of 31 December 2027. The filing does not specify a final calendar completion date for Jujhar Logistics’ phased ACT3 supply.