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Texmaco Rail & Engineering Limited ( (IN:TEXRAIL) ) has shared an announcement.
Texmaco Rail & Engineering Limited has announced a joint venture with Rail Vikas Nigam Limited to form a new entity, with Texmaco holding 49% and RVNL 51% of the share capital. This joint venture aims to leverage both companies’ expertise to enhance operations in manufacturing, maintenance, and infrastructure projects, potentially strengthening their market position and expanding their reach in both domestic and international markets.
More about Texmaco Rail & Engineering Limited
Texmaco Rail & Engineering Limited operates in the rail infrastructure sector, focusing on the manufacturing and maintenance of freight and passenger rolling stock, including locomotives, coaches, wagons, trainsets, metro coaches, and specialized equipment. The company also participates in domestic and international tenders and executes EPC projects.
Average Trading Volume: 231,780
Technical Sentiment Signal: Hold
Current Market Cap: 55.29B INR
For an in-depth examination of TEXRAIL stock, go to TipRanks’ Overview page.