Texmaco Rail & Engineering Ltd and Rail Vikas Nigam Ltd (RVNL) have signed a joint venture (JV) agreement to enhance India’s rail manufacturing ecosystem and expand capabilities in engineering, procurement and construction (EPC) projects in the rail sector.
The JV agreement was executed on February 19, 2026, in New Delhi. Under the arrangement, Texmaco Rail will hold a 49 per cent stake in the joint venture, while RVNL will retain majority ownership.
The partnership is aimed at leveraging Texmaco Rail’s manufacturing expertise and RVNL’s extensive experience in executing complex rail infrastructure projects. The joint venture will focus on advanced rolling stock manufacturing, lifecycle maintenance services and turnkey EPC projects, both in India and overseas markets.
The scope of the collaboration includes production and supply of freight wagons, passenger coaches, locomotives, trainsets and metro coaches. It will also undertake integrated rail infrastructure solutions, including depots, workshops and related systems, along with asset management and maintenance services.
Officials said the JV is designed to strengthen localisation of technology and supply chains, support indigenisation efforts and enhance India’s competitiveness in the global rail manufacturing market. The collaboration aligns with national initiatives aimed at boosting domestic manufacturing capacity and promoting self-reliance in critical infrastructure sectors.
Texmaco Rail operates across multiple segments including freight cars, rail infrastructure and engineering solutions, with a presence in both domestic and export markets. RVNL, a public sector enterprise under the Ministry of Railways, plays a key role in implementing railway and metro infrastructure projects across the country.
The joint venture is expected to pursue large-scale rail projects and manufacturing opportunities domestically and internationally, particularly in emerging markets. Detailed operational plans and project pipelines will be outlined as the JV begins its activities.
The move is seen as part of a broader push to strengthen India’s rail manufacturing base, integrate advanced technologies and support long-term infrastructure expansion in the railway sector.