Texmaco Rail enters into J.V. Agreement with Wabtec International Inc

कोलकाता Kolkata (KOAA):  Texmaco Rail & Engineering Ltd has entered into a Joint Venture Agreement with Wabtec International Inc. (Westinghouse Air Brake), a leading multi Billion Dollar US Company in the field of advanced Rail technology and Rail Safety products for setting up of a facility with R&D in India on JV consortium partnership.

Recently, the company’s Heavy Engineering Division secured an order valued at Rs 387.05 crore for 974 Nos. well type wagons from the Ministry of Defence.

Texmaco Rail & Engineering (TexRail) operates in two business segments in India – heavy engineering division and steel foundry division.  TexRail is one of India’s leading freight car manufacturers with a diverse range of products, such as railway freight cars and diversified engineering division, steel foundry division and hydro-mechanical equipment.

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.