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Texmaco, RVNL form JV to boost rail manufacturing & infrastructureTexmaco Rail and RVNL signed a joint venture to strengthen rail manufacturing, global reach, MSME support, and sustainability; RVNL will hold the majority stake.By Megha Rani  February 19, 2026, 6:28:24 PM IST (Published)2 Min ReadTexmaco Rail & Engineering Ltd and Rail Vikas Nigam Ltd (RVNL) have signed a joint venture shareholders’ agreement on Thursday, February 19, to formalise their strategic partnership aimed at strengthening India’s rail manufacturing capabilities and expanding their global infrastructure footprint, according to an exchange filing.

The joint venture will focus on advanced rolling stock segments, lifecycle maintenance and asset management solutions, and large-scale EPC and turnkey rail infrastructure projects in India and overseas markets, the company stated.

The partnership combines Texmaco’s manufacturing scale and export reach with RVNL’s execution track record in complex rail EPC projects.

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.”

The JV will see Texmaco hold a 49% stake, while RVNL will retain majority ownership. The structure is designed to combine public sector execution depth with private sector manufacturing agility.

Also Read: Texmaco Rail and Engineering Q3 Results: Net profit and revenue decline

Global expansion and industrial impact

The companies said the venture is aimed at promoting technology indigenisation, supply chain localisation and export-ready platforms compliant with international safety and performance standards.

Beyond domestic projects, the JV will target rail manufacturing and infrastructure contracts across Asia, Africa and the Middle East.

According to the filing, the initiative is expected to generate large-scale industrial activity, support MSMEs, create skilled jobs across manufacturing corridors and embed sustainability practices such as renewable energy integration and circular production systems.

Shares of Texmaco Rail & Engineering Ltd ended lower on Thursday, February 19, by 2.04% at ₹111.90 on the NSE, while shares of Rail Vikas Nigam Ltd ended 1.29% lower at ₹305.65.

Also Read: Texmaco Rail lands ₹219 crore Mumbai suburban rail contract

Continue Reading(Edited by : Shoma Bhattacharjee)TagsIndian railwayJoint VentureMSMErailway projectsRVNLTexmacoTexmaco Rail