Government sets 2,000 million tonne freight target; Texmaco Rail sees major growth ahead, says MD

The government’s plan to achieve 2,000 million tonne of rail freight in the coming years has opened up major opportunities for railway equipment manufacturers such as Texmaco Rail & Engineering, said its Managing Director, Sudipta Mukherjee.

Kolkata-based Texmaco, which supplies rolling stock, bridges, and track-laying infrastructure, expects strong demand under the government’s accelerated execution of the National Rail Plan. Mukherjee said, “What is most exciting is the way the government is walking the talk.”



He added that while the long-term freight target remains at 3,000 million tonne by 2027–2030, the Railway Minister’s recent announcement to reach 2,000 million tonne within two years shows a faster pace of implementation. “This gives us a hint about the timeline we can expect for execution, and it is a very efficient execution that the government is doing nowadays,” Mukherjee said.

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According to him, this push could translate into an additional 80 million tonne of freight capacity and require the procurement of about 20,000 wagons. “Texmaco has been the largest supplier to Indian Railways in recent quarters,” he said, adding that the company supplied 10,600 wagons last year out of its 15,000-wagon annual capacity.

The company expects to participate in ₹2.5-3 lakh crore worth of government tenders over the next four to five years across EPC, signalling, and other rail infrastructure projects. “This will account for around 15-20% of our total capacity, which can be directed towards wagon supply,” Mukherjee said.

With the acquisition of the erstwhile Jindal Rail and a new wagon project in partnership with a European firm, Texmaco aims to meet 35-40% of the country’s rolling stock requirement in the future. Mukherjee also highlighted diversification into the foundry business, calling it one of the largest globally.

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Texmaco recorded ₹500 crore in exports last year and expects 20-25% annual growth going forward. The company, which has a market capitalisation of ₹5,512.65 crore, has seen its shares decline by over 26% in the past year.

For the full interview, watch the accompanying video

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