Ramesh Maheswari, president & CEO of the KK Birla engineering major, which had tied up last November with Australias United Group Rail for a 50:50 venture spanning the wagon segment, said Texmaco has already got a pilot order for EMU coaches which it was planning to produce at its existing Agarpara facility.
However, in view of the announcement, the company would choose to go for a green-field project, Maheshwari said. Maheshwari said Indian Railways target of 20,000 wagons translated into a 100% increase over 2007-08. Texmaco, which accounts for 30% of the wagons manufactured in the country, aims to build at least 7,500 wagons during 2008-09. The venture with Australias United Group Rail will design, manufacture and supply wagons as well as locomotive bodies and components. Maheshwari noted that Indian Railways is now ordering stainless-steel wagons, and Texmaco has already begun deliveries of stainless-steel freight cars.