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What is the story about?
Engineering company Texmaco Rail and Engineering Ltd on Wednesday (June 3) said the company, Touax Group and TrinityRail Global, Inc. have announced a tripartite partnership to build a global railcar leasing platform in India under Touax Texmaco Railcar Leasing Private Ltd (TTRL).
The companies said TrinityRail has joined the existing joint venture between Texmaco Rail and Touax Group, taking a 32% participation in the platform. The structure brings together a leading Indian rail manufacturer, a European railcar lessor, and a North American railcar manufacturer and lessor within a single operating platform. Touax Group will continue consolidating Touax Texmaco Railcar Leasing Private under International Financial Reporting Standards (IFRS) norms.
According to the announcement, the platform is designed to integrate manufacturing, leasing, and railcar technology capabilities into one ecosystem. This combination is aimed at providing rolling stock solutions, improving asset utilisation, reducing maintenance costs, and shortening production timelines. The venture will also focus on introducing new railcar designs and advanced lifecycle management technologies.
Also Read: Texmaco Rail aims to double business in 3-5 years with defence and mobility systems push
The partners said the platform will support sustainability outcomes through improved railcar efficiency and lower emissions, supported by global financing access to enhance leasing efficiency and reduce costs.
The development comes at a time when India is targeting an increase in the rail’s share of freight movement from 27% to 45%. The expected rise in freight volumes is projected to drive significant incremental demand for wagons and rolling stock. The JV is positioned to address this demand through modern rolling stock solutions, professional leasing structures, lifecycle asset management, and access to global capital.
The collaboration marks one of the first global tripartite rail leasing structures of its kind in India, combining manufacturing strength with international leasing and technology expertise within a single platform designed for long-term freight rail expansion.
Also Read: Texmaco Rail secures mega South Africa rail order worth over ₹4,045 crore
Saroj Kumar Poddar, Chairman, Texmaco Rail and Engineering, said, "This partnership marks a defining moment for India’s freight rail ecosystem. By combining Touax’s leasing expertise, Trinity’s global rail technology leadership, and Texmaco’s manufacturing and market strengths, we are building a scalable, resilient, and globally benchmarked platform."
The new structure builds on the existing Touax–Texmaco Railcar Leasing platform, established to introduce globally benchmarked freight wagons in India under liberalised wagon investment and leasing schemes.
With Trinity joining as a partner, the platform gains unmatched technological depth, financial strength, and global best practices. Through asset-light, accretive operating leasing models, customers will gain access to modern rolling stock without upfront capital investments.
Shares of Texmaco Rail & Engineering Ltd ended at ₹102.75, down by ₹1.40, or 1.34%, on the BSE.
The companies said TrinityRail has joined the existing joint venture between Texmaco Rail and Touax Group, taking a 32% participation in the platform. The structure brings together a leading Indian rail manufacturer, a European railcar lessor, and a North American railcar manufacturer and lessor within a single operating platform. Touax Group will continue consolidating Touax Texmaco Railcar Leasing Private under International Financial Reporting Standards (IFRS) norms.
According to the announcement, the platform is designed to integrate manufacturing, leasing, and railcar technology capabilities into one ecosystem. This combination is aimed at providing rolling stock solutions, improving asset utilisation, reducing maintenance costs, and shortening production timelines. The venture will also focus on introducing new railcar designs and advanced lifecycle management technologies.
Also Read: Texmaco Rail aims to double business in 3-5 years with defence and mobility systems push
The partners said the platform will support sustainability outcomes through improved railcar efficiency and lower emissions, supported by global financing access to enhance leasing efficiency and reduce costs.
The development comes at a time when India is targeting an increase in the rail’s share of freight movement from 27% to 45%. The expected rise in freight volumes is projected to drive significant incremental demand for wagons and rolling stock. The JV is positioned to address this demand through modern rolling stock solutions, professional leasing structures, lifecycle asset management, and access to global capital.
The collaboration marks one of the first global tripartite rail leasing structures of its kind in India, combining manufacturing strength with international leasing and technology expertise within a single platform designed for long-term freight rail expansion.
Also Read: Texmaco Rail secures mega South Africa rail order worth over ₹4,045 crore
Saroj Kumar Poddar, Chairman, Texmaco Rail and Engineering, said, "This partnership marks a defining moment for India’s freight rail ecosystem. By combining Touax’s leasing expertise, Trinity’s global rail technology leadership, and Texmaco’s manufacturing and market strengths, we are building a scalable, resilient, and globally benchmarked platform."
The new structure builds on the existing Touax–Texmaco Railcar Leasing platform, established to introduce globally benchmarked freight wagons in India under liberalised wagon investment and leasing schemes.
With Trinity joining as a partner, the platform gains unmatched technological depth, financial strength, and global best practices. Through asset-light, accretive operating leasing models, customers will gain access to modern rolling stock without upfront capital investments.
Shares of Texmaco Rail & Engineering Ltd ended at ₹102.75, down by ₹1.40, or 1.34%, on the BSE.
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