Indian Railways News => Topic started by railgenie on May 28, 2012 - 08:00:14 AM


Title - Texmaco Rail - Signs Joint Venture Agreement
Posted by : railgenie on May 28, 2012 - 08:00:14 AM

Texmaco Rail & Engineering Ltd has informed BSE that the Company has signed a joint venture agreement on May 16, 2012 with a French group - Touax Rail, a leading Lease Finance Company, having vast expertise in the business of leasing out freight cars (Wagons) etc. The joint venture is for entering into the business of wagon leasing, post receipt of relevant regulatory and statutory approvals, pursuant to recent opening up of Wagon Leasing by Railways under its Wagon Leasing Scheme.