Texmaco Rail & Engineering’s board has approved acquisition of a steel casting foundry, located at Urla Industrial Estate, Raipur, Chhattisgarh, from Simplex Castings, as a going concern on a slump sale basis, which shall result in a approximately capacity addition of more than 50% for the company. The Board of directors of the company at its meeting held on April 26, 2019 has approved for the same.
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.
