The partnership aims to build a rolling stock powerhouse and expand Texmaco’s rail EPC footprint across India. Officials said the collaboration will accelerate the country’s rail manufacturing capabilities and strengthen its position as a global infrastructure solutions provider.
The JV marks a significant step in India’s push to enhance domestic rail production and meet growing demand for modern, efficient rail systems.
The JV will focus on advanced rolling stock, lifecycle maintenance, asset management, and large-scale EPC projects in India and abroad. Combining Texmaco’s manufacturing agility (49% stake) with RVNL’s public-sector execution, the partnership aims to deliver cost-competitive, high-quality integrated rail solutions.
The JV aims to position India as a global hub for rolling stock and rail infrastructure by promoting technology indigenisation, local supply chains, and export-ready platforms. It is expected to boost industrial activity, support MSMEs, create thousands of skilled jobs, and integrate sustainable practices. Beyond India, the venture will pursue projects across Asia, Africa, and the Middle East, delivering end-to-end rail solutions and reinforcing India’s global industrial footprint.
Saroj Kumar Poddar, Chairman, Texmaco Rail & Engineering, said, “The alliance brings together Texmaco’s industrial manufacturing scale and export reach with RVNL’s proven execution track record in complex rail EPC projects, creating a powerful institutional platform aligned with the Government of India’s Aatmanirbhar Bharat vision.”
Indrajit Mookerjee, Vice Chairman & Executive Director, Texmaco Rail & Engineering, said, “This partnership represents a transformational step in building globally competitive rail capabilities from India. By aligning manufacturing excellence with execution expertise, we are creating a platform that can deliver integrated rail solutions for both national priorities and international markets.”
Sudipta Mukherjee, Managing Director, Texmaco Rail & Engineering, stated, “This joint venture represents a unique public–private partnership aligned with the Hon’ble Railway Minister’s pursuit of excellence and the Hon’ble Prime Minister’s dynamic vision of Aatmanirbhar Bharat. It reflects our shared commitment to shaping the future of rail mobility through next-generation freight, locomotive, passenger, and metro systems. The collaboration will accelerate innovation, strengthen export competitiveness, and reinforce India’s position on the global rail map.”
Saleem Ahmad, Chairman & Managing Director, Texmaco Rail & Engineering, stated, “This JV is not merely a corporate collaboration but a strategic platform for national infrastructure advancement. It will unlock long-term value through scale, technology adoption, and global project participation.”
Texmaco Rail & Engineering (TEXMACO) is a listed company and part of the Adventz Group. Texmaco is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure – Electrical.
Rail Vikas Nigam is engaged in executing a wide range of railway infrastructure projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, cable-stayed bridges, and institutional buildings.
Shares of Texmaco Rail & Engineering slipped 0.93% to Rs 111.25, while Rail Vikas Nigam rose 1.11% to Rs 310.15 on the BSE.