Texmaco Rail & Engineering and US based Wabtec Corporation’ Joint Venture Company would manufacture specialised and value added products for Indian Railways at the Adventz Group company's Belgharia facility near the city. While Wabtec would hold 60 percent in the JV, Texmaco would control the remaining 40 percent in Wabtec Texmaco Rail.
Texmaco Rail & Engineering is one of India’s leading freight car manufacturers and diversified engineering company. The company is the largest supplier of wagons to the Indian Railways in India with strong in-house capabilities for the design and manufacture of special purpose wagons.