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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