Rail Vikas Nigam Limited (RVNL) signed a Joint Venture Agreement with M/s Texmaco Rail & Engineering Limited
RVNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rail Vikas Nigam Limited (RVNL), a PSU under the Ministry of Railways, has signed a Joint Venture Agreement with Texmaco Rail & Engineering Limited (TREL) to undertake projects in the railway and allied infrastructure sectors. The JV will focus on rolling stock manufacturing (freight wagons, passenger coaches, locomotives, trainsets, metro coaches), EPC projects, domestic and international bidding, and setting up railway workshops and depots. RVNL will hold a 51% majority stake while Texmaco will hold 49%. The JV company is yet to be incorporated, pending RVNL Board approval and other statutory clearances. This follows an earlier communication from May 29, 2025, and positions the combined entity as a comprehensive rail infrastructure solutions provider in India and potentially abroad.
Positive for RVNL shareholders as the JV expands the company's role beyond project execution into rolling stock manufacturing and railway EPC, potentially unlocking new revenue streams. The combination of Texmaco's manufacturing capabilities with RVNL's government backing and project access creates a strong complementary partnership in the growing railway infrastructure space.