Rail solution provider Texmaco Rail & Engineering is looking to increase the share of revenue coming from the non-government sector in its overall wagon manufacturing business going forward.
Presently, around 80 per cent revenue of the Kolkata-based company comes from its rolling stock division, while the remaining 20 per cent from projects and green infrastructure division.
Plans afoot
“Earlier, government orders contributed around 90 per cent of our business in the rolling stock division. Currently, it stands at around 80 per cent with the remaining 20 per cent coming from the private sector. Plans are afoot to increase the share of non-government sector to the rolling stock business to around 30 per cent by 2025-26, and then to 40 per cent moving forward,” Texmaco Rail & Engineering Managing Director Sudipta Mukherjee said on the sidelines of an Assocham event on Friday.
The company had acquired Jindal Rail Infrastructure in July last year for a consideration of around ₹615 crore.
“Our production capacity stands at around 12,000 wagons annually in Bengal, while at the Jindal Rail facility we have a capacity of 2,500 wagons,” Mukherjee said.
The company’s consolidated revenue from operations stood at ₹3,502.87 crore for the last financial year.