Texmaco Rail Acquires Jindal Rail Infra for Rs.6.15 Bn

26 Jul 2024 CW Team

Texmaco Rail and Engineering has successfully acquired Jindal Rail Infrastructure Limited for ?6.15 billion. This strategic move aims to bolster Texmaco's position in the railway sector by enhancing its manufacturing capabilities and expanding its product offerings.

Jindal Rail Infrastructure is known for its advanced manufacturing facilities and expertise in producing high-quality railway wagons. The acquisition aligns with Texmaco's vision to strengthen its footprint in the industry and cater to the growing demand for railway solutions in India.

The deal will enable Texmaco to leverage Jindal's existing infrastructure, technology, and skilled workforce, thereby improving operational efficiency and product innovation. This expansion is expected to enhance Texmaco's competitiveness and accelerate its growth trajectory in the domestic and international markets.

Texmaco's management expressed confidence that the acquisition would create significant value for stakeholders and customers by offering a comprehensive range of railway products and services. The company plans to integrate Jindal's operations seamlessly to ensure a smooth transition and maintain high standards of production quality.

This acquisition comes at a time when the Indian railway sector is experiencing robust growth, driven by government initiatives and increased investment in infrastructure development. By consolidating its resources, Texmaco aims to capitalise on emerging opportunities and contribute to the modernization of India's railway network.

Overall, the acquisition of Jindal Rail Infrastructure marks a significant milestone for Texmaco Rail and Engineering, positioning it for sustained success in the rapidly evolving railway industry.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..