Joint Venture27 Aug 2025, 08:31 pm
Rail Vikas Nigam Ltd. Signs Joint Venture Agreement with Texmaco Rail & Engineering Ltd.
AI Summary
Rail Vikas Nigam Limited (RVNL) has signed a Joint Venture Agreement with Texmaco Rail & Engineering Limited to undertake projects in the railway and allied infrastructure sectors. A joint venture company (JV Company) will be incorporated subject to approval of RVNL’s Board of Directors and other statutory approvals. The proposed shareholding of RVNL and Texmaco Rail & Engineering Ltd. will be 51% and 49% respectively. The JV Company will encompass activities in the following domains: Rolling Stock, EPC Projects, Bidding & Tenders, Workshops & Depots, and will have primary operations in India with the flexibility to expand into other geographies.
Key Highlights
- RVNL and Texmaco Rail & Engineering Ltd. have signed a Joint Venture Agreement
- The JV Company will undertake projects in the railway and allied infrastructure sectors
- The proposed shareholding of RVNL and Texmaco Rail & Engineering Ltd. will be 51% and 49% respectively
- The JV Company will encompass activities in the following domains: Rolling Stock, EPC Projects, Bidding & Tenders, Workshops & Depots
- The JV Company will have primary operations in India with the flexibility to expand into other geographies