RVNL, Texmaco Rail shares in focus after JV signed to focus on five key areas
Published on 28/08/2025 08:10 AM
RVNL, Texmaco Rail shares in focus after JV signed to focus on five key areasTexmaco, part of the Adventz Group, will hold a 49% stake, while Navratna PSU RVNL will be the majority shareholder.By CNBCTV18.com August 28, 2025, 8:10:21 AM IST (Published)2 Min ReadShares of state-run Rail Vikas Nigam Ltd. (RVNL) and rolling stock maker Texmaco Rail & Engineering Ltd. will be in focus on Thursday, August 28, after Texmaco announced the formation of a joint venture with RVNL to strengthen India's railway modernisation and export competitiveness.
The venture will manufacture freight and passenger rolling stock, including wagons, locomotives, passenger coaches, trainsets and metro coaches. It will also undertake Engineering, Procurement and Construction (EPC) contracts, depot operations and global tenders, the companies said in a statement.
Texmaco, part of the Adventz Group, will hold a 49% stake, while Navratna PSU RVNL will be the majority shareholder.
The transaction is expected to close by December 2025, subject to regulatory approvals.
The JV will explore automation, artificial intelligence and green technologies to deliver advanced and cost-effective solutions.
Adventz Group chairman Saroj Kumar Poddar said the JV will expand India's capacity to deliver world-class rail infrastructure. "It will open doors for innovation, exports and digital technologies, making Indian Railways globally competitive while supporting the country's self-reliance journey," he told PTI.
Texmaco MD Sudipta Mukherjee said, "We will deliver next-generation freight, passenger and metro systems that advance Atmanirbhar Bharat and put India on the global rail map."
RVNL chairman and managing director Pradeep Gaur added that the collaboration supports the government's Make in India and green mobility push.
On Tuesday, shares of RVNL ended 2.27% lower at ₹314.35, while Texmaco Rail & Engineering settled 2.68% lower at ₹138.50.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsRail Vikas Nigam Ltd (RVNL)RVNLRVNL share priceTexmacoTexmaco Rail