Bengaluru, June 26 -- The shares of the prominent wagon manufacturer gained up to 9 percent in today's trading session after the company bagged a prestigious letter of intent from CAMALCO SA worth USD 62,244,000.

With a market capitalization of Rs 7,350.20 crore, the shares of Texmaco Rail & Engineering Ltd were trading at Rs 184.00 per share, increasing around 6.08 percent as compared to the previous closing price of Rs 173.45 apiece.

The shares of Texmaco Rail & Engineering Ltd have seen positive movement after securing a USD 62.24 million Letter of Intent from CAMALCO SA. The deal includes supplying 560 open-top wagons (USD 32.76 million) and a 20-year maintenance contract (USD 29.48 million). It also opens the door for an additional...