亚博体育官网首页

Rail on a roll
RAILWAYS & METRO RAIL

Rail on a roll

Saroj Kumar Poddar, Chairman, Texmaco Rail and Engineering, heads the Kolkata-based rail wagon manufacturer company, which in a major deal in the railway sector, acquired a 100 per cent stake in Jindal Rail Infrastructure, another rolling stock manufacturer for Rs.6.15 billion. The acquisition is th...

Saroj Kumar Poddar, Chairman, Texmaco Rail and Engineering, heads the Kolkata-based rail wagon manufacturer company, which in a major deal in the railway sector, acquired a 100 per cent stake in Jindal Rail Infrastructure, another rolling stock manufacturer for Rs.6.15 billion. The acquisition is the largest in the history of India鈥檚 rolling stock industry and will significantly ramp up Texmaco鈥檚 manufacturing capacity, making it the largest producer of wagons in India. Also this acquisition arrives at an opportune moment, given the surge in growth in India鈥檚 wagons industry, supplemented by the government鈥檚 policy for dedicated freight corridors. The latest acquisition will allow it to capture more of the rolling stock industry, with Indian Railways planning a massive upgrade of its existing, ageing fleet. The synergistic merging of capabilities of Texmaco and Jindal Rail will amplify export capacity and effectively bolster its competitive advantage. The acquisition is a step to spread its footprint across India and eventually gather pace to become a global name in railways.r

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement