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.