Texmaco Rail and Engineering, the top wagon manufacturer in the country, intends to venture into the passenger mobility sector, particularly in the production of metro coaches, in the upcoming financial year.

The company, headquartered in Kolkata and recognized for creating metro rail components and providing them to numerous global clients, is currently exploring organic and inorganic options for producing passenger coaches.

Texmaco Rail became the largest wagon manufacturer in India after acquiring Jindal Rail Infrastructure in July of the previous year for approximately ₹615 crore. Significantly, last year Texmaco Rail & Engineering purchased Saira Asia, which was entirely owned by a European firm. Saira creates luxury railway interiors.

The total revenue from operations for the company amounted to ₹1,326 crore in the third quarter of this fiscal year, marking a growth of 47. 9 percent compared to the equivalent period last year. The EBITDA for the quarter reached ₹139 crore, which represents a 51. 7 percent increase year-over-year, along with an EBITDA margin of 10. 5 percent.

“At present, we are producing parts for passenger coaches.” We intend to manufacture passenger coaches in the future. We are considering the production of metro coaches shortly. "In India, there is a significant demand for metro coaches at present,” said Indrajit Mookerjee, Executive Director and Vice Chairman of Texmaco Rail & Engineering to BusinessLine.

The company stated that increased freight car deliveries propelled its impressive performance. In the third quarter of this fiscal year, the company delivered 2,714 freight cars, indicating a 54. 6 percent rise from 1,756 in the previous fiscal year.