RVNL and Texmaco form rail projects joint venture

Rail Vikas Nigam Limited (RVNL) has entered into a joint venture (JV) agreement with Texmaco Rail & Engineering Limited, as confirmed in an announcement dated August 27, 2025. This JV aims to undertake various projects within the railway and allied infrastructure sectors. RVNL will hold a 51% stake in the new JV company, with Texmaco Rail & Engineering Limited holding the remaining 49%. The incorporation of this JV is contingent upon the approval of RVNL's board of directors and other necessary statutory clearances.

The JV’s primary business will encompass a diverse range of activities, including the manufacture, supply, and maintenance of rolling stock such as freight wagons, passenger coaches, and metro coaches. It will also focus on engineering, procurement, and construction (EPC) contracts in railways, participate in domestic and international competitive bidding, and establish and operate railway workshops and depots.

This strategic partnership is set to position the JV company as a comprehensive provider of rail and infrastructure solutions. RVNL, a Public Sector Undertaking under the Ministry of Railways, and Texmaco Rail & Engineering Limited will adhere to arm's length principles for all related party transactions and comply with regulatory requirements.