Texmaco Rail signs MOU with The Signalling Company NV for ETCS solution

Texmaco Rail & Engineering Ltd has entered into a Memorandum of Understanding (MOU) with The Signalling Company NV, Belgium (TSC). The collaboration aims to establish a strategic partnership for ETCS solutions, specifically focusing on the development of the Kavach system for the Indian market. The parties intend to negotiate and execute a definitive agreement in the future. This MOU is non-equity in nature and does not involve any shareholding, loans, or related party transactions. The collaboration is subject to mutual negotiations and requisite management approvals.