On Tuesday, Texmaco Rail and Engineering experienced a remarkable surge in its stock price after the announcement of a substantial order. The company's shares increased by 10.87%, reaching 123.35 rupees, which positively impacted its market capitalization, now standing at 4,835 crore rupees. The trading volume for the shares was notable, with a total of 9.25 lakh shares exchanged, resulting in a turnover of 11.14 crore rupees.

The company received an order for 219.18 crore rupees from the Mumbai Railway Development Corporation Limited for the design, supply, installation, testing, and commissioning of signaling equipment under the MUTP-IIIA project for the suburban rail network in Mumbai. This order reflects the company’s growing involvement in significant infrastructure projects within the transportation sector, which is critical for urban development in India.

Moreover, Texmaco also disclosed a previous contract worth 27.67 crore rupees with the South-Western Railway, focusing on overhead equipment and annual maintenance. These developments highlight Texmaco's expanding portfolio of projects and its commitment to reinforcing its position in the market, indicating robust future growth prospects for the company and the stocks related to railway infrastructure in India.