Texmaco Rail & Engineering Ltd. said it had signed a joint venture agreement with a French group Touax Rail, a leading lease finance company with vast expertise in the business of leasing out freight cars.
The joint venture is for entering into the business of wagon leasing, post receipt of relevant regulatory and statutory approvals, pursuant to recent opening up of Wagon Leasing by Railways under its Wagon Leasing Scheme.
At the BSE, Texmaco Rail & Engineering shares are currently trading at Rs.54.20, up 0.93 percent from the previous close.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.