Texmaco Rail & Engineering Ltd. (TEXMACO) and Rail Vikas Nigam Limited (RVNL) have formally executed a Strategic Joint Venture Shareholders’ Agreement on February 19, 2026. This partnership aims to establish a leading platform for manufacturing next-generation rolling stock and expanding global rail EPC footprints. The JV will focus on advanced rolling stock, lifecycle maintenance, and large-scale infrastructure projects, aligning with the Aatmanirbhar Bharat vision.
Texmaco and RVNL Formalize Strategic Rail Joint Venture
Texmaco Rail & Engineering Ltd. (TEXMACO) announced today, February 19, 2026, that it has executed a Joint Venture Shareholders’ Agreement with Rail Vikas Nigam Limited (RVNL). This strategic collaboration marks a significant step toward accelerating India’s rail manufacturing capabilities and enhancing its global position as an infrastructure solutions provider.
Vision for Next-Generation Rail Powerhouse
The joint venture seeks to create a unified platform capable of delivering sustainable, scalable, and future-ready rail solutions for both the domestic and international markets. Mr. Saroj Kumar Poddar, Chairman of Texmaco Rail & Engineering, emphasized that the alliance combines Texmaco’s manufacturing scale with RVNL’s execution track record in complex rail EPC projects, supporting the Government of India’s Aatmanirbhar Bharat vision.
Focus Areas of the Joint Venture
The JV will concentrate its efforts on several key areas:
- Advanced rolling stock segments.
- Lifecycle maintenance and asset management solutions.
- Large-scale EPC and turnkey infrastructure projects in India and overseas.
The partnership leverages the complementary strengths of both entities, aiming to combine engineering innovation, cost competitiveness, and global-standard quality in integrated rail solutions. Mr. Indrajit Mookerjee highlighted that this is a transformational step in building globally competitive rail capabilities from India.
Ownership Structure and Global Ambition
The collaboration is structured to utilize public-sector execution depth alongside private-sector manufacturing agility. Texmaco will hold a 49 percent stake, with RVNL retaining the majority ownership. Mr. Sudipta Mukherjee noted that the collaboration will accelerate innovation and strengthen export competitiveness. Furthermore, the venture plans to actively pursue projects across Asia, Africa, and the Middle East, reinforcing India’s role as a leading provider of end-to-end rail solutions and advancing the goal of Viksit Bharat @2047.
About the Partners
Rail Vikas Nigam Ltd. (RVNL)
RVNL is identified as a premier Navratna CPSE under the Ministry of Railways, primarily focused on implementing rail infrastructure projects domestically and globally.
Texmaco Rail & Engineering Limited (TEXMACO)
TEXMACO is a listed company specializing across Freight Cars, Rail Infra & Green Energy, and Infra-Electrical segments, contributing significantly to the ‘Atmanirbhar Bharat’ initiative through strategic joint ventures with global leaders.
Source: BSE
