The Economic Times

Texmaco, TrinityRail and Touax to invest Rs 2000 crore to boost rail lease business

Three companies will invest Rs 2,000 crore over three years for new wagons. This investment will procure approximately 6,500 wagons for private leasing operations. TrinityRail Global joins the existing joint venture with a significant stake. The government's liberalized wagon design policy enables this expansion. This move aims to meet immediate demand for around 30,000 new wagon units.