Texmaco Infrastructure & Holdings Ltd - Stock Valuation and Financial Performance

Texmaco is a part of the Dr K K Birla Group and is a leading diversified Engineering Complex and an Infrastructure Company in India serving the nation from 1939. Texmaco Rail & Engineering Ltd.  (TEXMACO), with ISO 9001:2008 and ISO 14001:2004, is a premier multi-discipline, multi-unit engineering and Infrastructure Company, with 5 manufacturing units extending over 170 acres in the outskirts of Kolkata. The Company was formed after demerger into it the Heavy Engineering and Steel Foundry Divisions of the parent company Texmaco Ltd (founded in 1939 by the renowned industrialist, Late Dr. K.K.Birla under a scheme sanctioned by the Hon'ble High Court, Kolkata).
 
Texmaco Rail is presently the flagship company of the Adventz Group, (headed by the Chairman Mr. Saroj Poddar), comprising renowned blue chip companies, such as, Zuari Agro, Paradip Phosphate etc. The Group was launched with the idea of one virtual company with many real businesses, and is based on four fundamental principles - Collaboration, Sustainability, Inclusiveness and being Global.
 
The Company manufactures a diverse range of products viz. Railway Freight Cars, Hydro-mechanical Equipment & Industrial Structurals, Steel Castings, and Pressure Vessels, etc. Over the years, it entered into technical collaboration with renowned Multinationals of Japan, U.S.A, U.K, Germany, Australia, Austria, Holland, etc. for developing and expanding its product portfolio.
 
Texmaco is the leading and most reliable freight car maker over the past 7 (seven) decades. In fact, one out of every four Freight Cars on Indian Railways network is rolled out from TEXMACO Works. Its Freight Cars serve a host of core industries like Cement, Steel, Defence, Fertilizer, Oil, Alumina, Thermal Power Projects, Chemical Plants, etc. These include Custom-built Special Purpose Freight Cars for movement of large oversized consignments of individual weights up to 250 T. Besides, the company is moving fast into manufacture of Double Deck Auto Rake, in collaboration with a European Company. Further, the company has submitted final design & drawings to RDSO for Double Stack Container Rakes, to meet the emerging demand with the operation of Dedicated Freight Corridors.
 
Besides domestic market, Texmaco has made significant thrusts in overseas markets. Several Awards bear testimony to its successful achievements in National and International Projects financed by World Bank, ADB and other Multi-lateral Funding Agencies.
 
The Steel Foundry of the Company is the largest in the Country with a capacity up to 30000 Tonnes of quality Castings per year. It has a State-of-the-Art facility set up by the world-renowned M/s. Kunkel Wagner, Germany. The Foundry has earned the distinction of Quality Assurance Certificate (M-1003) from AAR (Association of American Railroads), making it the only Foundry in India qualified to export railway castings to the North American Market.  

The company has five factories in the outskirts of Kolkata.

• Agarpara Works
• Belgharia Works
• Steel Foundry
• Sodepur Works
• Panihati Works

Divisions

Railway Freight Cars

• Indian Railways
• Special Freight Cars
• Exports
• New Generation Cars

Steel Foundry

• AFS Ride Control Bogie
• LIP Casting
• Casnub HS Bogie
• Draft Gear
• Centre Buffer Coupler

Hydro-Mechanical Equipment & Steel Structures

• Gates
• Hoist
• Trash Raking Machine
• Penstock
• Heavy Steel Structure

Process Equipment

• Boilers
• Storage Equipment
• Heat & Mass Transfer Equipment
• Sugar Mill Machinery

Agro Machinery

• Power Tilter

A Joint Venture (JV) Company with United Group, Australia, one of Asia Pacific’s leading end to end rail technology solutions provider and infrastructure & industrial services company, has been incorporated, and the steps are being discussed to set up a modern facility to manufacture hi-tech wagon and locomotive bogie frames for Indian Railways, private industry and export.

The company expects to play a pivotal role in the Indian Railways’ new visionary moves involving an investment of Rs.75000 cr. over coming few years on Dedicated Freight Corridor linking Delhi, Mumbai, Chennai and Kolkata. The Railways have also come out with a Wagon Leasing Policy and Liberalized Wagon Investment Scheme (WIS) to attract investment in special purpose high capacity wagons.  The company is moving fast-forward in this direction through suitable tie-ups with leading multinationals.

Awards

It has also been crowned with the “IIF Foundry of the year 2009” by The Institute of Indian Foundrymen.

Texmaco bags a double at the Indian Foundry Congress- Casting of the year Award and Young Foundryman of the year award.