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Texmaco Secures Rs 40.45 Billion South Africa Rail Order
Articles- May 13,26
Texmaco appoints Akshay Poddar as Co-Chairman and secures Rs 40.45 billion South Africa rail opportunity under its Vision 2030 growth roadmap.
Texmaco Rail & Engineering Limited, a leading player in India’s railway and infrastructure sector, has announced two significant developments marking a major step in its growth and global expansion journey.
The company has appointed Akshay Poddar as Co-Chairman and secured a landmark international rail opportunity in South Africa valued at over Rs 40.45 billion. These milestones reflect TEXMACO’s continued transformation into a globally competitive, technology-driven, and integrated engineering and mobility solutions company under its Vision 2030 roadmap.
Akshay Poddar’s appointment as Co-Chairman, alongside his existing role as a non-executive board member, is aimed at strengthening the company’s leadership structure as it enters its next phase of expansion. He has been closely associated with TEXMACO’s strategic evolution and has played a key role in driving initiatives related to business transformation, modernisation, diversification and long-term growth planning. His elevation highlights the company’s focus on enhancing leadership bandwidth to navigate a rapidly evolving business landscape and capitalise on emerging opportunities across domestic and global markets.
Saroj Poddar, Chairman, said, “This leadership strengthening reflects Texmaco’s long-term vision of building an institution that is agile, future-focused, and globally competitive. Akshay has been deeply involved in the Company’s transformation journey and brings with him strategic insight, new-age thinking, and a strong commitment towards shaping Texmaco’s next phase of profitable growth and excellence.”
Indrajit Mookerjee continues as Vice Chairman and remains actively involved in supporting the company’s strategic and operational priorities.
In parallel, TEXMACO has secured a major strategic rail opportunity in South Africa through a Letter of Award from a Train Operating Company for the supply of more than 2,235 freight wagons across multiple variants, along with 30 diesel locomotives. The project, valued at over Rs 40.45 billion, also includes a proposed long-term 15-year maintenance partnership, creating a substantial lifecycle revenue opportunity for the company. This marks one of the largest international rolling stock opportunities secured by TEXMACO and represents a significant milestone in its global expansion journey.
The South African opportunity is aligned with ongoing rail sector reforms in the region, particularly the development of an open-access freight rail framework. This is expected to drive significant investments in freight mobility, mining logistics and railway infrastructure modernisation. The project is expected to strengthen TEXMACO’s presence in the African rail ecosystem while opening new avenues for wagon supply, locomotive modernisation, refurbishment, maintenance services and broader infrastructure projects. The company also sees long-term potential for phased localisation and strategic partnerships in Southern Africa.
Sudipta Mukherjee, Managing Director, said, “South Africa represents a strategically important freight rail market with strong long-term potential. This opportunity is an important milestone in TEXMACO’s international journey and reflects the growing global acceptance of Indian rail engineering, manufacturing capability, and integrated mobility solutions.”
With a growing order book, expanding manufacturing capabilities, and a sharper focus on innovation, sustainability and customer-centricity, TEXMACO continues to strengthen its position as an integrated rail and mobility solutions provider with increasing global relevance. The company remains mindful of evolving geopolitical conditions, supply chain dynamics, commodity volatility and currency movements associated with long-duration international projects, and is committed to pursuing such opportunities with a balanced and prudent approach.
As TEXMACO advances on its Vision 2030 journey, it is progressively diversifying beyond its traditional railway business into engineering, mobility, infrastructure and technology-led solutions to build a more resilient, future-ready and globally competitive enterprise.
Texmaco Rail
Akshay Poddar
South Africa rail project
freight wagons
diesel locomotives
rail engineering
Vision 2030
mobility solutions
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