Texmaco Rail & Engineering Limited and Rail Vikas Nigam Limited form joint venture to strengthen rolling stock and global rail EPC capabilities!

Texmaco Rail & Engineering Limited and Rail Vikas Nigam Limited (RVNL) have formalised a strategic joint venture through the signing of a Joint Venture Shareholders’ Agreement in New Delhi. The collaboration marks a significant step toward expanding India’s rail manufacturing capacity while enhancing its global competitiveness in rail engineering, procurement and construction (EPC) projects.

The partnership brings together Texmaco’s large-scale manufacturing expertise and export capabilities with RVNL’s extensive experience in executing complex rail infrastructure projects. Saroj Kumar Poddar, Chairman of Texmaco Rail & Engineering, stated that the alliance aligns with the Government of India’s Aatmanirbhar Bharat vision and aims to establish a strong institutional platform for delivering future-ready rail solutions. By integrating manufacturing strength with project execution depth, the joint venture seeks to create a more cohesive and scalable rail ecosystem.

Indrajit Mookerjee, Vice Chairman and Executive Director of Texmaco, described the initiative as a major advancement in building globally competitive rail capabilities from India. He noted that combining manufacturing excellence with proven EPC execution expertise will enable the venture to address domestic infrastructure priorities while expanding into international markets.

Sudipta Mukherjee, Managing Director of Texmaco Rail & Engineering, emphasized that the collaboration represents a balanced public–private partnership designed to accelerate national infrastructure development. According to him, the joint venture will focus on next-generation freight systems, locomotives, passenger coaches and metro solutions. The platform is expected to drive innovation, enhance export competitiveness and strengthen India’s presence in the global rail sector.

Under the agreement, Texmaco will hold a 49 percent stake in the venture, while RVNL will retain majority ownership. The new entity will concentrate on advanced rolling stock manufacturing, lifecycle maintenance and asset management services, along with large-scale EPC and turnkey rail infrastructure projects in India and overseas markets. By blending public-sector execution strength with private-sector manufacturing agility, the partnership aims to deliver integrated rail solutions that balance engineering innovation, cost efficiency and compliance with international quality and safety standards.

Saleem Ahmad, Chairman and Managing Director of Texmaco Rail & Engineering, highlighted that the joint venture represents a strategic platform for scaling infrastructure development through technology adoption and participation in global projects. The initiative is designed to position India as a major hub for rolling stock manufacturing and rail infrastructure development by promoting localisation, technology indigenisation and adherence to global performance benchmarks.

Beyond strengthening domestic capabilities, the venture is expected to stimulate industrial growth, support MSME ecosystems and generate skilled employment across manufacturing corridors. Sustainability initiatives, including renewable energy integration and circular manufacturing practices, are also expected to be embedded into operations. Internationally, the joint venture will target rail opportunities across Asia, Africa and the Middle East, expanding India’s footprint as a provider of end-to-end rail solutions.

Rail Vikas Nigam Limited, a Navratna Central Public Sector Enterprise under the Ministry of Railways, has played a pivotal role in implementing rail infrastructure projects across India and select international markets. Through this collaboration, both organizations aim to elevate India’s standing in the global rail industry while accelerating modernization at home.