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This agreement heralds a new era of rail infrastructure innovation, high-speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains to revolutionise mobility in India and on the global stage.
Leveraging Texmaco’s extensive manufacturing capabilities and Nevomo’s technological prowess, the collaboration aspires to bolster rail network efficiency, expand capacity, and modernise existing railway & port systems along with quantum efficiency improvement in mines, captive rail & logistics setup.
Also Read: Texmaco Rail wins ₹187.41 crore transmission line order from Chhattisgarh State Power Transmission
The collaboration will focus on researching and developing Magrail-based solutions that integrate seamlessly with existing rail infrastructure, enhancing efficiency, capacity, and speed.
The partnership also aims for global expansion by leveraging Texmaco’s vast manufacturing capabilities and Nevomo’s technological expertise. Together, they plan to introduce advanced rail solutions to international markets, positioning themselves at the forefront of next-generation railway innovations.
A key aspect of the agreement is the establishment of a dedicated R&D center in the GCC region. This facility will focus on developing next-generation railway mobility solutions, including AI-driven management, predictive maintenance, and autonomous self-propelled rolling stock, ensuring continuous technological advancements in the sector.
Also Read: Texmaco Rail is targeting revenue growth that is double the GDP growth rate in FY25
The collaboration will also promote sustainable and smart mobility by driving eco-friendly and energy-efficient rail solutions. This aligns with global green transportation initiatives and the push for high-speed rail mobility, further contributing to environmental sustainability.
Additionally, AI-powered diagnostics and automation will be a major component of the partnership. The implementation of AI-driven tools for predictive track monitoring, fault detection, and automated maintenance scheduling will enhance railway safety and reduce downtime, improving overall operational efficiency.
The agreement further includes the development of self-propelled and driverless freight trains. These next-generation autonomous trains will optimize cargo transportation, lower operational costs, and improve logistics and port connectivity, making freight movement more efficient and cost-effective.
Also Read: Texmaco Rail targets 40-45% revenue growth in FY25
Shares of Texmaco Rail & Engineering Ltd ended at ₹142.00, down by ₹1.50, or 1.05% on the BSE.
