Rail solutions provider Texmaco Rail & Engineering aims to increase the share of non-government revenue in its overall wagon manufacturing business.
Currently, around 80% of the Kolkata-based company’s revenue comes from the vehicle segment and the remaining 20% from the projects and green infrastructure segment.
plans in progress
“Previously, about 90 percent of our business in the rolling stock sector came from government orders.Currently, that is about 80 percent, with the remaining 20 percent coming from government orders. Percent comes from the private sector. Plans are underway to increase the non-governmental sector’s share of the rolling stock business to about 30% by 2025-26 and 40% going forward.” Managing Director Sudipta Mukherjee said at a press conference. Assocham event on Friday.
The company had acquired Jindal Rail Infrastructure for around Rs 615 crore in July last year.
“Our production capacity in Bengal is around 12,000 wagons per annum, while the Jindal Railway facility has a production capacity of 2,500 wagons,” Mukherjee said.
The company’s consolidated operating revenue amounted to Rs 3,502.87 crore in the last fiscal year.
