Texmaco net profit up 59 percent

Kolkata, Oct 20 (IANS) Wagon manufacturer Texmaco Ltd has posted net profit of Rs.201.6 million for the second quarter this fiscal as against Rs.126.5 million in the corresponding period last year, registering a growth of 59 percent.

'The current order book of the company is around Rs.20 billion,' said a company statement, released Monday.

In view of the ongoing expansion-cum-modernisation plans of Indian Railways and the incentive for public-private participation (PPP), the order book should record a healthy growth, the statement said.

'The company is having aggressive plans to maintain its lead in stepping up production of commodity specific hi-tech wagons to revolutionise the freight transport in India,' it added.