Texmaco Rail share price: Railway stock jumps 9% to this order worth £ 535 crore | Einsmark news

The share price of Texmaco Rail rose by almost 9% during Thursday’s trade session after acquiring a £ 535.6 contract from a firm in Central Africa for the supply and maintenance of more than 1,600 trucks intended for Bauxite transport. According to the agreement with Camalco SA of Cameroon, Texmaco will be responsible for the design, construction and comprehensive maintenance of more than 1,600 open-top cargo trailers, as shown in a statement. According to Texmaco’s vice-chairman Indrajit Mooberjee, the agreement concludes with the ‘Make for World’ initiative of India, while managing director Sudipta Mukherjee emphasizes that it shows the country’s manufacturing capacity. Camalco CEO Rana Pratap Singh mentions that this collaboration contributes to the development of infrastructure in Cameroon. Representatives of the company said the contract improves Texmaco’s order backlog to £ 7.820, strengthening its presence in both African and world markets. (More to come)