RailTransHolding to Produce Freight Cars in India

The Russian RailTransHolding, Russian Agency for Export Credits and Investments Insurance and Jindal Rail Infrastructure Limited (JRIL) signed a trilateral Strategic Agreement of Cooperation. The document was signed at the BRICS forum held in Goa, India.

The parties have agreed to work on three areas of cooperation:

1. Commissioning supplies of special rolling stock manufactured by RailTransHolding to India. In particular, the company is to supply rolled steel flat cars to India.

2. RailTransHolding’s becoming a shareholder of JRIL’s facility in Vadodara, Gujarat, India.

3. Joint establishment of an Indian rolling stock operator.