<h1>Railway Company Forms Subsidiary for Shipbuilding and Services, Plans Strategic Partnerships and Growth</h1> A railway systems company plans to create a wholly-owned subsidiary to handle its shipbuilding, maintenance, and services business, transferring these operations subject to regulatory approval. The subsidiary aims to expand its shipbuilding capacity and may bring in strategic partners or investors to scale operations. This restructuring allows the parent company to focus on its core railway business while the new entity pursues growth opportunities in the maritime and defense sectors. The parent company recently secured substantial new orders but reported a significant quarterly profit decline due to reduced wheelset supplies. Despite this, the company's shares rose, and promoters received shareholder approval to acquire convertible warrants worth nearly Rs 200 crore.