Joint Venture19 Feb 2026, 05:32 pm
Texmaco & RVNL Form Joint Venture for Next-Gen Rolling Stock & Global Rail EPC Footprint
AI Summary
Texmaco Rail & Engineering Ltd. and Rail Vikas Nigam Limited (RVNL) have signed a Joint Venture Shareholders’ Agreement to form a strategic partnership for incorporation and operation of a joint venture company. The joint venture aims to accelerate India’s rail manufacturing capabilities, strengthen its position as a global infrastructure solutions provider, and focus on advanced rolling stock segments, lifecycle maintenance and asset management solutions, and large-scale EPC and turnkey infrastructure projects in India and overseas markets. The collaboration is structured to leverage public-sector execution depth with private-sector manufacturing agility.
Key Highlights
- Texmaco and RVNL formalize strategic partnership through Joint Venture Shareholders’ Agreement
- Joint venture to deliver sustainable, scalable, and future-ready rail solutions for India and the world
- Partnership combines Texmaco’s manufacturing scale and export reach with RVNL’s execution track record in complex rail EPC projects
- Joint venture to focus on advanced rolling stock segments, lifecycle maintenance, and large-scale EPC projects in India and overseas
- Collaboration structured to leverage public-sector execution depth with private-sector manufacturing agility