New Delhi, March 31 Texmaco Rail & Engineering Ltd announced on Tuesday that it had secured a contract worth over ₹421 crore from JSW Group companies for the supply of freight wagon rakes.
The order also reflects the growing participation of private players in rail logistics, driven by Indian Railways' policy initiatives to improve freight movement efficiency and reduce logistics costs.
The wagons are designed to support high-capacity container transport and are expected to improve logistics efficiency across industrial supply chains, particularly for the movement of containerized cargo.
"This order from JSW Group companies further strengthens Texmaco's long-standing role in supporting India's expanding private freight wagon ecosystem," said Texmaco Rail & Engineering Ltd Managing Director Sudipta Mukherjee.
Texmaco Rail & Engineering Ltd, part of the Adventz Group, is a listed company and a key player in the railway and infrastructure sector.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.