Railways
38 recent notes from companies in this sector. 10 companies tracked.
Oriental Rail sets up JV for coach refurbishment at ₹4.90 lakh
49% stake in ABOR Projects LLP with A B Composites for turnkey railway refurbishment, but initial capital is immaterial.
Texmaco bags ₹26.5 cr signalling order, a routine add
The South Central Railway contract is less than 0.6% of annual revenue. Infra order book stands at ₹1,159 cr.
Titagarh ties up with IIT-M startup TuTr for hyperloop freight
Partnership to develop India's first hyperloop-enabled cargo system, but no financial terms or timelines disclosed, making it a long-shot bet with no near-term revenue.
Texmaco lands ₹98 cr new wagon order, JSW contract firmed up
Texmaco receives a fresh ₹97.88 cr order from Sushila Transport while the earlier ₹253 cr JSW LOI becomes a binding contract. Private-sector demand remains intact.
Oriental Rail appoints promoter-family member to strategy, IR role
Najmuddin S Mithiborwala, third-generation entrepreneur, takes on the newly created role. The move is internal and routine for the ₹877 cr railway component maker.
RITES lands ₹175 cr PMC order from Ambedkar University
The cost-plus contract spans 30 months and is worth over 7% of FY26 revenue, adding low-risk visibility to the order book.
RailTel lands ₹107.61 cr MPLS VPN order from Mahanadi Coalfields
The 5-year rental contract adds to RailTel's order book but is modest — about 2.52% of annual revenue and 1.08% of market cap.
RITES inks non-binding MoU with CONCOR for logistics PMC
No contract value or guaranteed revenue disclosed. Both are Navratna railway PSUs; the MoU is a standard collaboration with no immediate earnings impact.
Govt to sell 2% IRFC stake via OFS at ₹91 floor
The June 24-25 sale targets the mandatory 25% public holding. No discount for retail, Goldman Sachs sole broker.
Ircon wins ₹198 cr smart grid order, but scale is modest
A ₹763 cr JV contract for Agartala's power network adds to Ircon's order book, but at 2.1% of revenue it won't reverse the recent slowdown.
RailTel bags ₹334.52 cr Railways order for e-Office upgrade
The contract to upgrade e-Office to version 7.x with mandatory digital signatures is worth 7.8% of annual revenue and provides five-year revenue visibility.
RVNL lands ₹2,977 cr NMDC contract for Vizag blending yard
The binding order adds to an already hefty ₹1,00,000 crore backlog and is worth 14.9% of annual revenue, boosting near-term visibility.
Texmaco Rail lands ₹253 cr JSW wagon order
The LOI from a JSW unit covers BFNSM1 rakes and BVCM wagons, delivery within 13.5 months. The order adds to a record ₹4,045 cr export deal but remains non-binding.
RailTel lands ₹82 cr Haryana signaling job. It barely moves the needle.
The contract is binding, but at 1.92% of annual revenue, it's a routine addition to RailTel's order book.
Airfloa guides for ₹500 cr revenue after a 66% growth year
A ₹486.9 cr order book covers most of the target, but the jump to ₹500 cr tests execution.
Jupiter Wagons' FY26 profit fell. The wheelset shortage is the culprit.
A global parts shortage hit wagon output. The Odisha plant meant to fix it is six months late.
Texmaco halves its leasing stake to bring in US rail giant TrinityRail
A three-way joint venture replaces Texmaco’s 50/50 setup with Touax. The Indian partner drops to 34% equity but gains a global technical partner.
Titagarh's Q4 call transcript is a record, not a signal
The June 1 filing is a verbatim transcript of the live earnings call. It contains no new data, orders, or strategic shifts beyond what was already disclosed.
Airfloa targets ₹500 cr revenue next year. A defence JV is coming.
FY27 guidance hinges on a joint venture and a working-capital squeeze. The order book already covers three-quarters of the target.
RVNL profit fell 43% last quarter. A ₹3,400 cr cash recovery changes the story.
One-off charges and low-margin legacy work hammered quarterly profit, but a major Ministry settlement clears a key cash hurdle for FY27.
Titagarh Rail closes its European chapter to focus on domestic growth
The company reported a standalone profit of ₹150.7 cr for FY26 after writing off its entire exposure to Italian associate Titagarh Firema.
Jupiter Wagons' latest presentation repeats known data
The company released its quarterly and annual deck with no new information beyond what the market already has.
Jupiter Wagons profit halved as wagon demand crumbles
Full-year revenue fell 34% to ₹2,539 crore, with the fourth quarter offering no recovery.
Rites signs non-binding MoU with Crisil for infrastructure data
The partnership aims to combine transport consultancy with analytics, but carries no financial commitments or guaranteed revenue for the Navratna PSU.
Jupiter Wagons lands 10-year export deal worth up to ₹1,500 cr annually
The company's subsidiary, JTRWF, will supply 50,000 wheelsets a year to Europe's Tatravagonka, marking India's first entry into the global rail wheel market.
IRCTC reports steady FY26 growth as Q4 profit slips
The railway catering firm posted a 6% rise in annual profit on revenue of ₹521,486 lakhs. A final dividend of ₹0.50 per share brings the total FY26 payout to ₹9 per share.
Ircon cuts FY27 revenue guidance as project delays bite
Management now expects FY27 revenue of ₹9,500 crore, down from its prior target of ₹10,000-11,000 crore, citing execution hurdles and intense bidding.
RVNL's Vande Bharat sleeper slips to Dec 2026; Rishikesh-Karnaprayag pushes to 2029
The state-run builder's Q4 profit fell 43% on ₹89 crore in one-off charges, and two flagship projects have been delayed by several months to over a year.
RVNL profit drops 33% as auditors flag ₹1,116 cr receivable dispute
Full-year profit fell to ₹800 crore on flat revenue, with Q4 profit sliding 43%. Auditors called out a ₹1,116 crore receivable from a joint venture, including ₹890 crore of disputed interest.
RVNL's FY26 profit falls 33%; auditor flags ₹1,116 cr KRCL receivable
Final audited numbers confirm the standalone profit drop. The auditor's emphasis of matter on the KRCL dues remains unresolved.
RVNL profit drops 33% to ₹800 cr as auditor flags ₹1,116 cr disputed receivable
Fourth-quarter profit fell 43% on flat annual revenue. The board approved a final dividend and is shutting its Kyrgyzstan subsidiary.
Ircon cuts FY27 revenue guidance to ₹9,500 cr as margins stay thin
The guidance drops from a ₹10,000-11,000 cr range to match a down FY26. Core EBITDA margins have fallen to 4% from a historical 6-7%.
IRFC locks in $1.1bn loan to fund railway projects
The company tapped a four-bank consortium for a five-year, JPY-denominated external commercial borrowing facility.
Ircon profit drops 18% as revenue cools
A final dividend of ₹0.70 per share follows the previously disclosed results.
Ircon's FY26 profit drops 16% as execution slows
Full-year net profit fell to ₹618.45 crore. Revenue also declined. The dividend payout, however, stayed steady.
Ircon profit slides 16% as board declares final dividend
The infrastructure firm reports FY26 standalone profit of ₹618.45 cr, down from ₹737.59 cr in the prior year.
RVNL lands ₹758 cr contract from NMDC for Chhattisgarh rail work
The binding 36-month award adds to a large order book, but it's just 1.3% of RVNL's market cap. Routine.
IRFC targets double-digit growth, AUM above ₹5L cr in FY27
Management also guided for NIM improvement to 1.65% and flagged diversification into non-railway lending as a key driver.