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Showing posts with the label rail infrastructure

Texmaco Rail & Engineering shares in focus after MoU with Nevomo for Magrail, AI-powered rail innovations

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[hfe_template id='11223'] [ad_1] Texmaco Rail & Engineering shares will be in focus on Tuesday after the company signed a strategic Memorandum of Understanding (MoU) with Polish technology firm Nevomo to develop next-generation Magrail technology, linear propulsion systems, and AI-driven railway innovations. The collaboration aims to advance rail infrastructure with high-speed solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains, transforming mobility in India and globally. By combining Texmaco’s manufacturing expertise with Nevomo’s technology, the partnership seeks to enhance rail network efficiency, expand capacity, and modernize railway and port systems, while significantly improving operational efficiency in mines, captive rail, and logistics setups. Also Read: Stocks in news: ONGC, NTPC, SBI Life, Manappuram Finance, Biocon A key focus will be the development of Magrail-based solutions that integrate seamlessly with...

RVNL shares in focus after establishing new subsidiary in Saudi Arabia

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[hfe_template id='11223'] [ad_1] Rail Vikas Nigam Limited (RVNL) shares will be in focus on Tuesday after the company announced the establishment of a wholly-owned subsidiary in Saudi Arabia, expanding its presence in the Middle East. "Rail Vikas Nigam Limited (RVNL) has incorporated a wholly owned subsidiary company “COMPANY RAIL VIKAS NIGAM LTD. (ONE PARTNER)” in Saudi Arabia on October 18, 2024. The certificate of registration of the company was received on October 21, 2024," the company said in an exchange filing. This move aligns with RVNL's global expansion strategy, following the creation of subsidiaries in Dubai in June 2024 and Uzbekistan in August 2024. Meanwhile, RVNL has been securing several major contracts in recent weeks. The company recently emerged as the lowest bidder for a metro construction project from the Maharashtra Metro Rail Corporation Limited, winning a Rs 270 crore work order. On Monday, RVNL's shares closed at Rs 465.6, down...