Texmaco & RVNL Sign Strategic JV Pact to Build India’s Next-Gen Rolling Stock Powerhouse and Expand Global Rail EPC Footprint

Texmaco Rail & Engineering Ltd and Rail Vikas Nigam Ltd (RVNL) formalised their strategic partnership by signing the Joint Venture Shareholders’ Agreement at a ceremony in New Delhi, marking a defining step toward accelerating India’s rail manufacturing capabilities and strengthening its position as a global infrastructure solutions provider. The signing of the Joint Venture Shareholders’ Agreement formally launches this next phase of collaboration, establishing a unified platform capable of delivering sustainable, scalable and future-ready rail solutions for India and the world.  

The joint venture will 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 partnership builds on the companies’ complementary strengths to deliver integrated rail solutions that combine engineering innovation, cost competitiveness and global standard quality. With Texmaco holding a 49 per cent stake and RVNL retaining majority ownership, the collaboration is structured to leverage public-sector execution depth with private-sector manufacturing agility.

The initiative is designed to catalyse India’s emergence as a global hub for rolling stock and rail infrastructure by promoting technology indigenisation, localisation of supply chains and export-ready platforms compliant with international safety and performance standards. The JV is expected to generate large-scale industrial activity, support domestic MSME ecosystems and create thousands of skilled jobs across India’s manufacturing corridors, while embedding sustainability practices such as renewable energy integration and circular production systems.

Beyond domestic opportunities, the venture will actively pursue projects across Asia, Africa and the Middle East, targeting integrated rail manufacturing and infrastructure contracts and reinforcing India’s position among the world’s leading providers of end-to-end rail solutions. By combining design innovation, execution speed and engineering excellence, the Texmaco–RVNL partnership is expected to play a pivotal role in advancing Viksit Bharat @ 2047 while strengthening India’s global industrial footprint.

About Rail Vikas Nigam Ltd. (RVNL): RVNL is a premier public sector enterprise (Navratna CPSE) under the Ministry of Railways, primarily engaged in implementing rail infrastructure projects across the country. RVNL has contributed significantly to the expansion of the country’s railway and metro systems, both domestically and globally.

About Texmaco Rail & Engineering Limited: Texmaco Rail & Engineering Limited (TEXMACO) is a listed company and a key player in the railway and infrastructure sector, operating across Freight Cars, Rail Infra & Green Energy and Infra–Electrical segments. The company specialises in rolling stock, rail infrastructure, bridges and steel structures, supplying freight cars to Indian Railways, private clients and export markets. Through strategic joint ventures with global leaders such as Wabtec and Touax, Texmaco strengthens its market reach while contributing to the ‘Atmanirbhar Bharat’ initiative and India’s global rail manufacturing presence.

Disclaimer: The article is for informational purposes only and not investment advice.