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.

Real Estate

11 May 2026

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Brigade, Marriott Open Courtyard Kochi Infopark

Brigade Hotel Ventures (BHVL) and Marriott International have opened Courtyard by Marriott Kochi Infopark, a rebranded and upgraded hotel formerly operating as Four Points by Sheraton Kochi Infopark.Located in Kakkanad adjoining Infopark Kochi, the 218-room property strengthens Brigade’s hospitality portfolio in one of the city’s key IT and commercial corridors. The hotel is positioned to cater to corporate, MICE and leisure travellers visiting Infopark, SmartCity and other business hubs in Kochi.The property offers flexible workspaces, smart TVs and high-speed WiFi across rooms and suites..

WorkEZ Expands South India Portfolio to 1.7 Mn Sq Ft

Work Easy Space Solutions (WorkEZ) has expanded its managed workspace portfolio to approximately 1.7 million sq. ft. across 12 operational buildings and two upcoming developments, strengthening its footprint across South India.The expansion includes the addition of 65,000 sq. ft. at Phoenix One National Park in Chennai and the company’s entry into Kochi through a partnership with Lulu Developers, adding another 70,000 sq. ft.WorkEZ has also signed a 0.4 million sq. ft. development in Coimbatore with Veeras Infra following the successful leasing of 0.1 million sq. ft. in the first phase. The ..