Texmaco Rail & Engineering Limited has informed the Exchange regarding a press release dated Jun 03, 2026, titled "Touax Group, Texmaco Rail and TrinityRail form landmark Partnership to transform India's Rs. 3 Lakh Crore Freight Rail Ecosystem-First of its kind Global Railcar Leasing Platform announced in India."
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Texmaco Rail has announced a first-of-its-kind global railcar leasing platform in India through a partnership with France's Touax Group and US-based TrinityRail. The joint venture targets India's freight rail ecosystem, valued at approximately Rs. 3 Lakh Crore. This collaboration combines Texmaco's local manufacturing strength with the global leasing expertise of Touax and the railcar capabilities of TrinityRail. The platform aims to transform freight rail logistics by addressing the significant gap in railcar leasing availability in the Indian market.
Positive for Texmaco shareholders as this JV opens a new high-growth revenue stream in railcar leasing, leveraging global expertise to capture a share of India's massive freight rail market. The partnership strengthens Texmaco's position beyond manufacturing into services and leasing.