Texmaco Rail & Engineering Limited has informed the Exchange regarding a press release dated February 19, 2026, titled "Strategic Joint Venture Shareholders  Agreement with RVNL".
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Texmaco Rail & Engineering Limited has signed a Strategic Joint Venture Shareholders Agreement with Rail Vikas Nigam Limited (RVNL), a major railway infrastructure PSU. The agreement was disclosed via a press release dated February 19, 2026. RVNL is a prominent public sector player in railway project execution, making this a notable partnership for Texmaco. The JV is expected to combine Texmaco's manufacturing capabilities with RVNL's execution and project pipeline strength in the railway sector.
This JV could unlock new business opportunities and revenue streams for Texmaco in railway infrastructure projects, potentially boosting long-term growth. Shareholders may view this positively given RVNL's strong government backing and project pipeline.