Rail on a roll
RAILWAYS & METRO RAIL

Rail on a roll

Saroj Kumar Poddar, Chairman, Texmaco Rail and Engineering, heads the Kolkata-based rail wagon manufacturer company, which in a major deal in the railway sector, acquired a 100 per cent stake in Jindal Rail Infrastructure, another rolling stock manufacturer for Rs.6.15 billion. The acquisition is th...

Saroj Kumar Poddar, Chairman, Texmaco Rail and Engineering, heads the Kolkata-based rail wagon manufacturer company, which in a major deal in the railway sector, acquired a 100 per cent stake in Jindal Rail Infrastructure, another rolling stock manufacturer for Rs.6.15 billion. The acquisition is the largest in the history of India’s rolling stock industry and will significantly ramp up Texmaco’s manufacturing capacity, making it the largest producer of wagons in India. Also this acquisition arrives at an opportune moment, given the surge in growth in India’s wagons industry, supplemented by the government’s policy for dedicated freight corridors. The latest acquisition will allow it to capture more of the rolling stock industry, with Indian Railways planning a massive upgrade of its existing, ageing fleet. The synergistic merging of capabilities of Texmaco and Jindal Rail will amplify export capacity and effectively bolster its competitive advantage. The acquisition is a step to spread its footprint across India and eventually gather pace to become a global name in railways.r

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Equipment

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Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

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