Texmaco Rail Expects SEBI Approval

TexmacoTexmaco Rail & Engineering, established following demerger of Texmaco Limited, plans to obtain approval through the Indian capital-market regulator to list on the Bombay stock exchange and NSE quickly, a senior official mentioned on Wednesday.

Texmaco had de-merged its steel foundry divisions and heavy engineering in to Texmaco Rail as well as Engineering. Texmaco nowadays handles infrastructure real estate and hydro electric power generating projects.

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