Texmaco Rail board plans business expansion

मुंबई Mumbai:  The board of directors of Texmaco Rail & Engineering on Tuesday approved the formation of a Committee of Directors to explore and evaluate various organic and inorganic options available for expanding the product portfolio and businesses of the company.

The committee, which consists of three independent directors and one executive director, would also ensure the most efficient and cost-effective operations of the company.

The stock gained 2.5 per cent at ₹58.5 on the BSE.