Texmaco Rail and RVNL form joint venture for railway expansion

Texmaco Rail & Engineering Ltd. announced on August 27, 2025, the approval and execution of a joint venture agreement (JVA) with Rail Vikas Nigam Limited (RVNL) to establish a new joint venture company. Texmaco will hold a 49% stake in the JV, with RVNL holding 51%. The JV aims to leverage the strengths of both entities to manufacture and maintain freight and passenger rolling stock, including locomotives, coaches, and wagons, as well as execute EPC projects in rail infrastructure.

The JV company, which is yet to be incorporated, will focus on activities such as manufacturing rolling stock, undertaking Engineering, Procurement, and Construction (EPC) projects, and participating in domestic and international bidding for railway projects. Additionally, it will be involved in the operation and maintenance of railway workshops and depots.

The cost of Texmaco's acquisition in the JV is INR 4,90,00,000. The transaction is anticipated to conclude by December 31, 2025. This strategic move aligns with Texmaco's core operations, expanding its capabilities and market reach within the railway sector.