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Texmaco Rail gets nod to acquire steel casting foundry

26 Apr 2019 Evaluate

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.

Texmaco Rail & Eng. Share Price

106.04 2.44 (2.36%)
17-Apr-2026 16:59 View Price Chart
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