Texmaco Rail & RVNL Form Strategic Joint Venture

Texmaco Rail & Engineering Ltd, part of the Adventz Group, has entered into a joint venture with Rail Vikas Nigam Ltd (RVNL), a Navratna PSU, to strengthen India’s railway modernization and export competitiveness. The agreement, finalized in February 2026, establishes a platform for advanced rolling stock manufacturing and EPC project execution.

The JV will cater to freight and passenger rolling stock, including wagons, locomotives, coaches, trainsets, and metro coaches. It will also undertake EPC projects, depot operations, and global tenders, aligning with India’s “Aatmanirbhar Bharat” vision and green mobility initiatives.

Key Highlights

• Stakeholding Structure: Texmaco holds 49%, RVNL retains 51%.
• Focus Areas: Freight and passenger rolling stock, EPC projects, depot operations.
• Strategic Vision: Supports Make in India, rail modernization, and export competitiveness.
• Infrastructure Boost: Expands India’s rail EPC footprint and lifecycle maintenance capabilities.
• Global Outlook: JV to participate in international tenders and infrastructure projects.

This partnership positions Texmaco and RVNL as key players in India’s rail infrastructure transformation, combining private sector expertise with PSU strength to drive modernization and global competitiveness.

Sources: ETInfra, Financial Express, InvestyWise