Texmaco Rail & Engineering has inked Joint Venture Shareholders’ Agreement with Rail Vikas Nigam (RVNL), marking a defining step toward accelerating India’s rail manufacturing capabilities and strengthening its position as a global infrastructure solutions provider. The joint venture will focus on advanced rolling stock segments, lifecycle maintenance and asset management solutions, and large-scale EPC and turnkey infrastructure projects in India and overseas markets. The partnership builds on the companies’ complementary strengths to deliver integrated rail solutions that combine engineering innovation, cost competitiveness, and global standard quality. With the company holding a 49% stake and RVNL retaining majority ownership, the collaboration is structured to leverage public-sector execution depth with private sector manufacturing agility.
The initiative is designed to catalyse India’s emergence as a global hub for rolling stock and rail infrastructure by promoting technology indigenisation, localisation of supply chains, and export-ready platforms compliant with international safety and performance standards. The JV is expected to generate large-scale industrial activity, support domestic MSME ecosystems, and create thousands of skilled jobs across India’s manufacturing corridors, while embedding sustainability practices such as renewable energy integration and circular production systems. Beyond domestic opportunities, the venture will actively pursue projects across Asia, Africa, and the Middle East, targeting integrated rail manufacturing and infrastructure contracts and reinforcing India’s position among the world’s leading providers of end-to-end rail solutions.
Texmaco Rail & Engineering is a private engineering and infrastructure company based in India. It is primarily engaged in the business of manufacturing railway wagons, coaches, and locomotives, as well as providing related services.
