RVNL and Texmaco form joint venture to pursue Rail Business Opportunities in India and Abroad

New Delhi, India (Metro Rail Today): Rail Vikas Nigam Limited (RVNL) and Texmaco Rail & Engineering Ltd. (TREL) have formalised their strategic partnership with the signing of a Shareholders’ Agreement for the incorporation of a new joint venture company. The agreement was signed at the RVNL Corporate Office in New Delhi.

The proposed joint venture will focus on pursuing integrated railway rolling stock and infrastructure opportunities across India as well as in international markets, including Asia, Africa and the Middle East. The collaboration underscores a shared commitment to delivering end-to-end rail solutions and strengthening India’s footprint as a global rail infrastructure partner.

The signing ceremony was attended by Shri Saleem Ahmad, Chairman and Managing Director, RVNL; Shri Manish Agarwal, Principal Executive Director (Mechanical); and Shri Ajit Singh, Principal Executive Director (Corporate Coordination & Business Development). Representing Texmaco were Shri Saroj Kumar Poddar, Chairman, Adventz Group, and Shri Sudipta Mukherjee, Managing Director, Texmaco Rail & Engineering Ltd.

The strategic alliance brings together RVNL’s strong track record in executing large-scale rail infrastructure projects with Texmaco’s expertise in rolling stock manufacturing and engineering. The partnership is expected to enhance competitiveness in turnkey rail solutions, spanning design, manufacturing, construction and commissioning, both in domestic and overseas markets.

Commenting on the development, Mrs. Mamta Shah, MD & CEO, Urban Infra Group, said, “Strategic collaborations between infrastructure developers and rolling stock manufacturers are essential for delivering integrated rail solutions. The RVNL–Texmaco joint venture has the potential to position India as a stronger global player by combining execution strength with manufacturing excellence, particularly in emerging rail markets across Asia and Africa.”

The formation of the joint venture signals a broader trend of Indian rail companies aligning capabilities to capture growing opportunities in modern rail systems, metro projects and international infrastructure development.