Texmaco Rail and Engineering has announced plans to reduce its reliance on government orders and expand its business in the private sector and export markets. According to a press release issued by the company, it aims to decrease the share of government orders in its rolling stock segment from the current 80% to 70% by the financial year 2025-26.
As part of this strategy, Texmaco recently acquired Baroda-based Jindal Rail Infrastructure for ₹615 crore. This acquisition adds a production capacity of 2,500 wagons annually to its existing capacity of 12,000 wagons in West Bengal.
In addition to scaling production, Texmaco plans to establish a global capability center in Delhi to support international collaborations. The company is also setting up a supply sourcing division to act as an aggregator for railway products and components intended for export. Operations for this new division are scheduled to commence in April.
Texmaco’s managing director, Sudipta Mukherjee, noted that government orders previously constituted 90% of its business and that the company is working toward achieving a more balanced 60:40 ratio between government and private sector orders in the future.