Texmaco-Touax-TrinityRail JV for 100 rakes

Texmaco Rail & Engineering, Touax Group, and Trinity Industries — TrinityRail Global have expanded their joint venture Touax Texmaco Railcar Leasing Private Limited (TTRL) to invest around Rs 1,800 crore in 100 new railway rakes over the next three to five years. Trinity Industries — TrinityRail will acquire a 32% stake in TTRL, while Texmaco and Touax each hold 34%. The partnership combines Indian manufacturing, European leasing expertise, and North American rail engineering to support India's goal of increasing rail freight share from 27% to 45% under the National Rail Plan. The JV will cover design, manufacturing, financing, leasing, maintenance, and lifecycle management.