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The Economic Times
The Economic Times

Texmaco, Touax and TrinityRail form railcar leasing venture in India

Trinity India

Kolkata: Global rail leasing major Touax Group, Kolkata-headquartered Texmaco Rail & Engineering Ltd and US-based TrinityRail Global Inc on Thursday announced a tripartite partnership to expand railcar leasing solutions in India.

Under the arrangement, TrinityRail Global will acquire a 32 per cent stake in Touax Texmaco Railcar Leasing Pvt Ltd (TTRL), the existing joint venture between Touax Group and Texmaco, creating the "country's first global railcar leasing platform", the companies said in a statement.

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