Texmaco to become exclusive partner of CAF Signalling in Indian market
Shalini | Myequity news | Date : 30-07-2018 23:30:00 IST
Texmaco Transtrak private Limited, a subsidiary of Adventz Group's Texmaco Rail & Engineering Limited, India's total rail solution provider has signed an MoU with CAF Signalling's Spain who are market leaders in the field of electronic signalling. CAF Signalling's product range include electronic inter-locking and train protection and warning systems.
Indian Railways are going for upgradation of their signalling system where these products will find extensive utilization. As per the MoU, Texmaco Transtrak private Limited will be the exclusive partners for manufacture and supply of cAFs electronic interlocking system in the Indian market.
Mr Prateek Bhalotia, Promoter and Managing Director, Texmaco Transtrak Private Limited said, "There is a huge opportunity for electronic inter-locking in Indian Railways, as these directly impact the improvement of safety and,operational through- putfor IR. IR is committed to improving both the above aspects which shall present us with a Iarge opportunityfor the products of CAF Signalling".
Mr.Bhalotia further stated that through its sister cornpany, it already has exclusive partnership with Altpro croatia for Multi Section Digital Axle counter and LC Gate protection MoU with systems and now after CAF Signalling. Spain, the company has access to the entire basket of signalling technologies available for induction on IR.About Texmaco Rail and Engineering Ltd:
Texmaco Rail & Engineering Ltd. (TEXMACO), a premier multi-discipline, multi-unit engineering and Infrastructure Company, with 5 manufacturing units extending over 170 acres in the outskirts of Kolkata. The Company was formed after demerger into it of the Heavy Engineering and Steel Foundry Divisions of the parent company Texmaco Ltd., (founded in 1939 by the renowned industrialist, Late Dr. K.K.Birla). It is presently the flagship company of the Adventz Group, (headed by the Chairman Mr. Saroj Poddar), comprising renowned blue chip companies, such as, Zuari Agro, Paradip Phosphate etc.. The Group was launched with the idea of one virtual company with many real businesses, and is based on four fundamental principles - Collaboration, Sustainability, Inclusiveness and being Global.
The Company manufactures a diverse range of products viz. Railway Freight Cars, Hydro-mechanical Equipment & Industrial Structurals, Steel Castings, and Pressure Vessels, etc. Over the years, it entered into technical collaboration with renowned Multinationals of Japan, U.S.A, U.K, Germany, Australia, Austria, Holland, etc. for developing and expanding its product portfolio.
Texmaco Rail & Engineering Ltd. closed 13.04% up at Rs 78.00