Texmaco Rail & Engineering also clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, and the contract does not qualify as a related-party transaction.

Texmaco Rail & Engineering (TEXMACO) is a listed company and part of the Adventz Group. Texmaco is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure – Electrical. The company reported a 44.65% decline in consolidated net profit to Rs 42.27 crore in Q3 FY26, compared to Rs 76.38 crore posted in Q3 FY25. Revenue from operations fell 21.45% year-on-year (YoY) to Rs 1,041.59 crore in the quarter ended 31 December 2025. The counter slipped 2.87% to Rs 111.80 on the BSE.

Hindalco Industries is the metals flagship company of the Aditya Birla Group. A $28 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues and the world’s second-largest copper rods manufacturer (outside China). The company reported a 45% drop in consolidated net profit to Rs 2,049 crore despite a 14% rise in revenue from operations to Rs 66,521 crore in Q3 FY26 as compared with Q3 FY25. The counter declined 1.95% to Rs 1,023.30 on the BSE.