Texmaco Rail & Engineering has signed Memorandum of Understanding (MoU) with Rail Vikas Nigam. The MoU aims to establish a framework for collaboration in areas of mutual interest, particularly in the field of railway infrastructure and allied sectors. The areas of collaboration may include, but shall not be limited to, the sectors such as manufacture and maintenance of rolling stock, operation and maintenance of rolling stock and workshops, and future collaboration and strategic initiatives.
Future collaboration and strategic initiatives includes establishment/operation for wheel set manufacturing facility & bogie manufacturing plants, manufacturing of metro coaches and trainsets in India, execution of EPC and allied infrastructure projects, and technology & innovation in areas of automation, digitalization, sustainable solutions, artificial intelligence, data analytics, green technologies, and other progressive fields relevant to railway infrastructure, manufacturing, operations, and maintenance.
Texmaco Rail & Engineering is a private engineering and infrastructure company based in India. It is primarily engaged in the business of manufacturing railway wagons, coaches, and locomotives, as well as providing related services.