The contract includes the delivery of more than 2,235 freight wagons in various configurations, as well as 30 diesel locomotives.
The overall projected value of this opportunity exceeds ₹4,045 crore. This engagement also entails a proposed long-term maintenance partnership lasting 15 years, thus establishing a lifecycle business prospect for the company in this region.
Texmaco highlighted that this is one of its most substantial international rolling stock projects and signifies a crucial milestone in its global expansion strategy. The initiative aligns with South Africa’s rail sector reforms and the developing open access freight rail framework, which aims to enhance investment in freight mobility, modernize rolling stock, and improve mining logistics and railway infrastructure.
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The company noted that this opportunity is anticipated to bolster its position within the African rail ecosystem and create further prospects in wagon supply, locomotive modernization, refurbishment, maintenance services, and railway infrastructure developments in the area. It also suggested potential for phased localization and strategic alliances in southern Africa.
Sudipta Mukherjee, Managing Director, remarked, “South Africa represents a strategically vital freight rail market with robust long-term potential. This opportunity marks a significant milestone in Texmaco’s international journey and demonstrates the growing global recognition of Indian rail engineering, manufacturing capabilities, and integrated mobility solutions.”
Texmaco Rail & Engineering Ltd shares closed at ₹105.55, down ₹6.25, or 5.59%, on the BSE today, May 12.
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(Edited by : Shoma Bhattacharjee)
First Published: May 12, 2026 8:34 PM IST
