Rail Vikas Nigam has executed Strategic Joint?Venture Shareholders’?Agreement with Texmaco Rail & Engineering for incorporation and operation of joint venture company. 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 joint venture 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.
Rail Vikas Nigam (RVNL) functions as an extended arm of the Ministry of Railways. The company is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
