Joint Venture27 Aug 2025, 03:51 pm
Texmaco Rail & Engineering Ltd. Forms Joint Venture with Rail Vikas Nigam Limited
AI Summary
Texmaco Rail & Engineering Limited has announced the execution of a joint venture agreement with Rail Vikas Nigam Limited to incorporate a joint venture company. The JV Company will leverage the expertise and strengths of both entities and will be engaged in the business of manufacturing and maintenance of freight and passenger rolling stock along with components thereof, locomotives, coaches, wagons, trainsets, metro coaches and specialized equipment, participation in domestic and international tenders and execution of EPC projects in the rail infrastructure sector. The transaction is subject to necessary statutory, governmental, or regulatory approvals and is expected to close by 31 December 2025.
Key Highlights
- Joint venture between Texmaco Rail & Engineering Limited and Rail Vikas Nigam Limited
- JV Company to manufacture and maintain rolling stock and components
- Engaged in execution of EPC projects in the rail infrastructure sector
- Transaction subject to necessary statutory, governmental, or regulatory approvals
- Expected to close by 31 December 2025