Railway stocks steam ahead on order wins; RVNL, Ircon, Texmaco Rail rally up to 8%

Railway stocks rally up to 8 percent on order wins and upbeat outlook

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26 Aug, 2025 12:21

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Railway stocks were in the spotlight on September 15, bucking the otherwise subdued mood in the broader market. Shares of RVNL, Ircon International, Titagarh Rail, Jupiter Wagons, Texmaco Rail, and IRFC surged in the range of 2 percent to 8 percent, lifted by a string of fresh order wins and a robust business outlook.

The rally built on momentum from last week, when most of these counters had also advanced between 2 percent and 4 percent.

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Individually, last week was filled with news updates and order wins for these counters. RVNL emerged as the lowest bidder for a major contract from West Central Railway. The project involves design or modification, supply, erection, testing, and commissioning of a 220/132kV/2X25 kV Scott-connected traction substation and switching posts with AT, including SCADA work, along the Bina to RTA section of Bhopal Division. The work is aimed at supporting a 3,000 metric tonne loading target.

Separately, Texmaco Rail secured a Letter of Acceptance from Rail Vikas Nigam Limited for an order worth Rs 129.09 crore (inclusive of all taxes). The contract pertains to the design, supply, erection, testing, and commissioning of 2x25 kV traction overhead equipment and associated works at the Yavatmal–Digras section of the Nagpur Division in Central Railways.

Meanwhile, Jupiter Wagons’ unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory, bagged a Letter of Acceptance from the Ministry of Railways, Railway Board on September 9, 2025. The order is for the supply of 9,000 LHB axles for FIAT-IR bogies, valued at around Rs 113 crore.

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