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Texmaco Rail reports 183% surge in Q1 net profit to Rs 357.3 million
In a strategic move, Texmaco Rail announced plans to acquire Jindal Rail Infrastructure for approximately Rs 6.15 billion.Read more
Texmaco Rail acquires Jindal Rail Infra for Rs 6.15 billion
This acquisition, the largest in India’s rolling stock industry, will significantly enhance Texmaco’s manufacturing capacity, establishing it as the country's largest wagon producer.Read more
Railways to revise Rs 310 billion wagon procurement plan after MI contract fail
The wagons - which are used for transporting crucial commodities such coal and iron ore on the rail network - were to be supplied at Rs 3.19-3.63 million per unit depending on the specifications issued by the railways.Read more
Texmaco Rail & Engineering secures Rs 1,374 cr order from Indian Railways
The first tranche of 1,133 wagons is to be delivered by December 31, 2024 while the second tranche of 1,133 wagons is to be delivered by June 30, 2025.Read more