IRFC, Titagarh Rail, Jupiter Wagons Rally Up To 9% As Indian Railways Plans Mega Rs. 40,000 Crore Tender

Railway stocks today are on a bull run after reports emerged that Indian Railways is preparing to launch a massive Rs. 40,000 crore freight wagon procurement tender, boosting investor sentiment across railway manufacturing & rail infrastructure stocks.

Shares of Titagarh Rail Systems, Jupiter Wagons, Texmaco Rail & Engineering and Indian Railway Finance Corporation(IRFC) rallied sharply during intraday trade as investors rushed to railway PSU and wagon-related counters.

At around 1:20 PM on May 25, Titagarh Rail Systems shares jumped 8.66% to Rs. 822.90 apiece, becoming one of the top gainers in the railway sector.

Jupiter Wagons shares surged 7.26% to Rs. 297.05, gaining Rs. 20.10 during the session. Texmaco Rail & Engineering shares climbed 4.66% to Rs. 113.25, while IRFC shares rose 2.47% to Rs. 100.62 on the NSE.

The broader railway pack also traded higher, with the Nifty India Railways PSU index advancing 1.33% amid strong investor interest in railway stocks.

Reason Behind the Sharp Rally In These Stocks

The sharp rally in railway shares came after a LiveMint report stated that Indian Railways is expected to soon float a mega tender worth nearly Rs. 40,000 crore to procure around 1 lakh freight wagons over the next three to four years.

According to the report, the upcoming wagon procurement tender is expected to be slightly larger than the previous large-scale procurement exercise undertaken in 2022. The report added that Indian Railways may procure nearly 35,000-40,000 freight wagons annually.

The first batch of wagon orders is likely to be issued during the July-September quarter of the current financial year, according to people aware of the development quoted in the report.

The proposed freight wagon tender is expected to majorly benefit domestic wagon manufacturers and railway engineering companies by helping them fully utilise their expanded production capacities.

Titagarh Rail Systems, Jupiter Wagons, Texmaco Rail, and other railway infrastructure players are expected to remain in focus in the coming sessions if the large wagon procurement plan moves ahead.

While the buzz around the news IRFC reported flat Q4 profit at about Rs. 1,684 crore with revenue up nearly 9% YoY, while Texmaco Rail posted strong numbers with Q4 FY26 revenue around Rs. 1,167 crore and full‑year FY26 revenue nearing Rs 4,377 crore.

Jupiter Wagons & Titagarh Rail are yet to announce their Q4 FY26 Results.