On the Right Track: RVNL and Texmaco's ₹200 Crore Joint Venture

Rail Vikas Nigam Limited (RVNL) and Texmaco Rail & Engineering are set to incorporate a new joint venture company by November 2025, with a planned investment of ₹200 crore, aimed at becoming a key player in India’s evolving railway manufacturing and infrastructure ecosystem.

The two companies recently signed a formal agreement and are now working through statutory and regulatory clearances, according to Manish Agarwal, Principal Executive Director (Mechanical), RVNL.

“We aim to operationalise the new company by November 2025 so that it can start contributing to upcoming railway projects in India and abroad,” Agarwal told PTI.

Key Focus Areas:

The joint venture will specialise in the design, manufacturing, and maintenance of:

Freight wagons and passenger coaches, Locomotives and metro coaches, Trainsets and advanced rolling stock

Additionally, the entity will bid for EPC (Engineering, Procurement, and Construction) contracts and oversee the operation of workshops and depots, both domestically and internationally.

Investment & Infrastructure:

An initial capital infusion of ₹10 crore will kickstart operations, with further investments to follow as the company scales. Texmaco will leverage its existing manufacturing facilities, while new facilities may be considered based on future demand.

Strategic Vision:

The JV brings together RVNL’s project execution capabilities and Texmaco’s expertise in rolling stock manufacturing, positioning it to support the Indian Railways’ expansion, electrification, and modernization efforts.

“This JV is a step towards augmenting the railway manufacturing ecosystem to meet India’s rising infrastructure needs,” Agarwal noted.

While India remains the primary focus, the new company also has global ambitions, aiming to become a competitive player in international railway markets.

News by Rahul Yelligetti.