Advenz Group Railway Engineering & Infra Company Bags Rs 357.11 crore Order from JSW Group
Prajwal DSIJ / 31 Mar 2026 / Categories: Mindshare, Trending
The stock price has surged over 85.87 per cent in the last 3 years.
On Monday, shares of Texmaco Rail & Engineering Ltd fell 5.81 per cent to Rs 78.8 per share from its previous closing of Rs 83.66 per share. The stock’s 52-week high is Rs 189 per share and its 52-week low is Rs 78.05 per share. The stock declined about 0.50 per cent to its Intraday high of Rs 83.24 per share.
Texmaco Rail & Engineering Ltd informed the exchanges on March 31, 2026, that it has received an order worth Rs 357.11 crore (excluding Taxes) from JSW Group. The contract involves the manufacture and supply of BLSS, BLCS and BFNV rakes along with BVCM wagons.
The order has been awarded by a domestic entity and falls under the category of manufacture and supply of Railway wagons and rakes. The company stated that the execution period for the contract is 11 months from the effective date or commencement of work, as applicable.
The company further clarified that neither the promoter nor the promoter group has any interest in JSW Group. Additionally, the order does not fall under related party transactions.
The company has a market cap of over Rs 300 crore. The stock price has surged over 85.87 per cent in the last 3 years. The stock has delivered around 0.96 per cent returns from its 52-week low of Rs 78.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.