Subsidiaries of Texmaco Rail & Engineering
Bright Power Projects (India) Pvt. Limited
Texmaco Rail had entered into Definitive Agreement and acquired 55% shareholding in Bright Power Projects (India) Private Limited. Pursuant to such acquisition, Bright Power has become a subsidiary of the Company in 2016.
Bright Power is an EPC company, incorporated on 10th January, 1994, specialising in overhead electrification (OHE) solutions for the Railways. With Bright Power and its strong credentials in railway electrification field, Texmaco has strengthen its position further as a total rail solutions provider company and is well positioned to leverage on growth opportunities in Railways Infrastructure in coming years. read more ..
Texmaco Hi-tech Pvt. Ltd.
The Joint Venture (JV) with UGL Rail Services Ltd., Australia, with State-of-the-Art manufacturing facility, was set up primarily to cater to the huge requirement of locomotive, wagon and coach components for the Australian market through UGL. Investments in the JV were made accordingly in line with business potential projected by UGL. However, due to changing market dynamics in Australia, in the first year of operation itself, UGL’s business projection collapsed by more than 80% and, the situation continued to be dismal in the second year of operation as well.
In this backdrop, the Texmaco had to take initiatives to develop its own customer base and take steps for getting registered, qualified and audited for acceptance of trial orders. It has been done successfully with respect to some global companies like GE Transportation, Alstom, Harsco, ZF, etc. It has also been successful in getting trial orders from Indian Railways for Coach Bogie Frames. The product portfolio has thus become more broad-based, and currently the JV is targeting long duration projects which require Hi- precision, Hi-tech manufacturing capability.
Joint Ventures of Texmaco Rail & Engineering
Wabtec Corporation is an American company formed by the merger of the Westinghouse Air Brake Company and Motive Power Industries Corporation. The company’s origins go back to 1869 with the foundation of the Westinghouse Brake Company. It is headquartered in the Pittsburgh suburb of Wilmerding, Pennsylvania. The JV between Wabtec Corporation and TEXMACO Rail & Engineering Limited has been formed to initially provide hi-tech Freight products and services, and other State-of-the-Art Railway products to the Indian Rail network. The new manufacturing facility, in Belgharia area of Kolkata City, will produce the US-based Wabtec Corporation’s leading global product lines in freight and locomotive brake shoes, truck mounted brakes and cushioning systems. It will fully implement the Wabtec Excellence Program, a comprehensive system designed to maximize efficiency and productivity by ensuring quality standards, on-time delivery and cost competitiveness.
Touax Rail Limited, formed in 1853, is a lessor of intermodal freight railcars in Europe and Unite States. The company also provides rail maintenance services. Its customer-base ranges from national railway companies to major rail groups and private operators, as well as big industrial groups.
Texmaco Rail & Engineering Limited has signed a joint venture agreement in 2012 with a Touax Rail. The joint venture is for entering into the business of wagon leasing, post receipt of relevant regulatory and statutory approvals, pursuant to recent opening up of Wagon Leasing by Railways under its Wagon Leasing Scheme.