Texmaco Rail & Engineering’s joint venture (JV) project with UGL Rail, Australia has commenced production and will be in full swing by end of the current year. The venture has secured export orders for loco bogie frames from Kazakhstan and Queensland Rail. The first shipment to Kazakhstan Bogie frames was made in Q1FY14.
Besides, the 50:50 JV leasing company – Touax Texmaco Railcar Leasing Company, formed with the French lease finance company Touax Rail is in dialogue with various potential customers for their leasing requirements of wagons.
Texmaco Rail & Engineering is one of India`s leading freight car manufacturers and diversified engineering company. The company is the largest supplier of wagons to the Indian Railways in India with strong in-house capabilities for the design and manufacture of special purpose wagons.