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“We write to inform you that the company has received an order for construction of 09 (nine) No 132KV transmission lines on a turnkey basis (Total RL: 291 km approx.) valuing ₹187.41 crores approx. from Chhattisgarh State Power Transmission Co. Ltd., a Government of Chhattisgarh Undertaking…,” Texmaco Rail & Engineering said in a regulatory filing.
The project has been awarded by Chhattisgarh State Power Transmission Company Ltd, a government undertaking. The Letter of Acceptance, dated December 16, 2024, details a project timeline of 15 months for completion.
Also Read: Texmaco Rail targets 40-45% revenue growth in FY25
In October this year, Texmaco Rail and Engineering said the company is optimistic about its revenue growth trajectory, projecting an expansion rate of twice the GDP growth in FY25. Indrajit Mookerjee, Executive Director and Vice Chairman of Texmaco Rail & Engineering, highlighted the company’s strategic outlook during a recent statement.
Mookerjee acknowledged that while extraordinary growth rates cannot be sustained indefinitely, the company is focused on achieving a revenue growth rate approximately double that of the GDP. He refrained from specifying a precise margin but emphasised ongoing efforts to enhance profitability, aiming for an improvement of at least 15-20% from current levels.
In Q2 FY25, Texmaco reported a revenue of ₹1,345 crore, with margins at 9.8% and a net profit of ₹72 crore. These figures reflect the company’s solid foundation as it gears up for expansion. A significant factor contributing to Texmaco’s growth strategy is its recent acquisition of Jindal Rail Infrastructure Ltd. for ₹615 crore in an all-cash deal.
Also Read: Texmaco Rail to acquire Jindal Rail Infrastructure for ₹615 crore
Shares of Texmaco Rail & Engineering Ltd ended at ₹229.10, up by ₹1.30, or 0.57% on the BSE.
