Texmaco Rail & Engineering, Black Box and Tata Motors to see some action today

13 May 2026 Evaluate

Texmaco Rail & Engineering has secured a major strategic rail opportunity in South Africa with the receipt of a Letter of Award (LOA) from a South African Train Operating Company (TOC) for supply of more than 2,235 freight wagons across multiple variants along with 30 diesel locomotives. The total estimated value of the opportunity is projected upwards of Rs 4,045 crore. The engagement also includes a proposed long-term 15-year maintenance partnership, creating a significant lifecycle business opportunity for TEXMACO in the region.

Black Box has successfully completed its acquisition of 2S Inovacoes Tecnologicas S.A., a leading Brazil-based provider of digital infrastructure, data center networking, cloud, cybersecurity, and managed technology solutions. The acquisition marks a significant milestone in Black Box’s global growth strategy and further advances its long-term objective of achieving $2 billion in annual revenues by 2030. The effective date of acquisition is May 1, 2026.

Tata Motors (formerly TML Commercial Vehicles) has incorporated a Special Purpose Vehicle (SPV), namely Teesta Renewable Energy (TREPL) on May 12, 2026. The company holds 26% equity shareholding in the said SPV and consequently TREPL has become an associate of the Company.

Ace Software Exports has successfully completed the acquisition of the remaining 2,58,000 equity shares, representing 49.62% of the fully diluted equity share capital of QeLearn (Formerly known as Theia Education), for a total consideration of Rs 8.90 crore. As a result, QeLearn has now become wholly owned subsidiary of the Company. The acquisition of QeLearn has been financed through the net proceeds derived from the Rights Issue, in accordance with the company’s Letter of Offer dated November 14, 2025.

Emrock Corporation has received approval for incorporation of a Limited Liability Partnership (LLP) in association with other partner(s) for undertaking business activities in the pharmaceutical and healthcare sector being one of the main object of the company. The proposed LLP shall engage in the business of pharmaceutical products, healthcare solutions, trading, marketing, manufacturing, distribution, import/export and allied activities in the pharmaceutical domain. The Company proposes to hold 50.50 % stake/profit-sharing ratio in the said LLP. The Board of Directors of the company at its meeting held on May 12, 2026 has approved same.

Race Eco Chain’s subsidiary -- Ganesha Recycling Chain has made an investment of Rs 2 crore in its subsidiary and the company’s step-down subsidiary, GEM Polymers. As part of this investment, 2,00,000 equity shares of M/s. GEM Polymers having a face value of Rs 10/- each have been allotted.

Chiraharit has received a purchase order worth around Rs 1.49 crore from Solarworld Energy Solutions. The order is for supply and service of Module Cleaning System. The HDPE Pipes & Fittings are to be supplied within 3 weeks, and the delivery of Pumps is to be executed within 6-7 weeks. The execution & commissioning of the order is to be completed within 8 weeks.

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