RVNL and Texmaco Unite to Transform Indian Railways

Rail Vikas Nigam Limited (RVNL) and Texmaco Rail & Engineering have entered into a joint venture to accelerate railway modernisation and enhance India’s global competitiveness in the rail sector.

Under the agreement, Navratna PSU RVNL will hold a majority stake, while Texmaco, part of the Adventz Group, will retain a 49% share. The joint venture will focus on manufacturing a wide range of rolling stock—including freight wagons, passenger coaches, locomotives, trainsets, and metro coaches. In addition, it will undertake EPC (Engineering, Procurement, and Construction) contracts, depot operations, and participate in international tenders.

The JV will prioritise five strategic areas:

Rolling stock manufacturing, EPC services, Depot management, Adoption of automation and AI technologies, Development of green, sustainable solutions

Expected to be operational by December 2025, the partnership aims to deliver advanced, cost-effective, and eco-friendly rail solutions aligned with national initiatives like ‘Make in India’ and ‘Atmanirbhar Bharat’.

Saroj Kumar Poddar, Chairman of Adventz Group, stated that the JV will foster innovation, promote exports, and support the adoption of digital technologies in Indian Railways. Sudipta Mukherjee, MD of Texmaco, emphasised its alignment with India’s self-reliance goals, while Pradeep Gaur, CMD of RVNL, underscored its contribution to green mobility and domestic manufacturing.

News by Rahul Yelligetti.