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Texmaco Rail and Engineering surged 5%, extending the gain for the fifth consecutive session on an order worth Rs 535 crore from Cameroon’s CAMALCO SA.
CAMALCO S.A is a wholly owned subsidiary of Canyon Resources Ltd, which operates exploration activities in Cameroon.
The deets: the deal includes the manufacturing and supply of 560 open-top wagons in two phases over 24 months worth ₹282 crore, plus a 20-year maintenance contract valued at ₹253 crore.
The contract also includes a provision for additional orders of up to 1,040 more wagons and long-term servicing over the next five years.
Open-top wagons are essential for transporting bulk commodities like bauxite, coal, minerals, and construction materials especially in mining-heavy economies like Cameroon.
Zoom out: the deal supports India’s ‘Make for World’ initiative, positioning the company as a trusted global rail infra partner. With this, Indian manufacturing gets another global nod this time from the heart of Africa.
Big theme: Globally, demand for open-top wagons is growing in step with infrastructure and mining activity, particularly in emerging markets across Africa, Southeast Asia, and Latin America.
These wagons offer flexibility, are easy to load/unload, and are cost-effective for large-scale logistics. For Indian manufacturers like Texmaco, this represents a high-potential export category, especially as developing nations ramp up investment in rail-based cargo transport to lower logistics costs and reduce road congestion.
