Texmaco Rail’s promoters to infuse equity capital up to Rs 200 crore
9th Sep 2020

Texmaco Rail & Engineering will not proceed with the proposed rights issue amid a slowdown in the economy, and its promoters will infuse equity capital up to Rs 200 crore to meet fund requirement of the company. Last year, the board had approved the rights issue to ensure adequate resource availability for the firm.

Texmaco Rail & Engineering is one of India’s leading freight car manufacturers and diversified engineering company. The company is the largest supplier of wagons to the Indian Railways in India with strong in-house capabilities for the design and manufacture of special purpose wagons.