Texmaco, RVNL form JV to boost Indian Railways modernisation and exports

Texmaco and RVNL Join Forces to Revolutionize Indian Railways

In a move poised to reshape India's railway landscape, Texmaco Rail & Engineering Ltd and Rail Vikas Nigam Ltd (RVNL) announced a groundbreaking joint venture on Wednesday. This collaboration aims to not only modernize India's domestic rail network but also propel its competitiveness on the global stage.

A Partnership for Progress: This exciting venture will encompass the manufacturing of a wide range of rolling stock, including:

• Freight Wagons
• Locomotives
• Passenger Coaches
• Complete Trainsets
• Metro Coaches

Beyond manufacturing, the JV will also tackle Engineering, Procurement, and Construction (EPC) projects, manage depot operations, and actively pursue global tenders. Texmaco, a member of the Adventz Group, will hold a 49% stake, while RVNL, a Navratna PSU, will retain majority ownership.

The Future is Now: A Focus on Innovation: The joint venture plans to aggressively integrate cutting-edge technologies, including:

• Artificial Intelligence (AI)
• Automation
• Green Technologies

This strategic focus will enable the creation of advanced, cost-effective, and environmentally responsible rail solutions.

Industry Leaders Speak:

• Saroj Kumar Poddar, Chairman of Adventz Group: "This JV will significantly boost India's capacity to deliver world-class rail infrastructure, fostering innovation, exports, and the adoption of digital technologies. It positions Indian Railways for global competitiveness and supports the nation's journey towards self-reliance."
• Sudipta Mukherjee, Managing Director of Texmaco: "We are committed to delivering next-generation freight, passenger, and metro systems, furthering the goals of Atmanirbhar Bharat and establishing India as a global leader in rail technology."
• Pradeep Gaur, Chairman and Managing Director of RVNL: "This collaboration strongly supports the government's 'Make in India' initiative and its push for green mobility."

Expected Completion: The transaction is anticipated to conclude by December 2025, subject to regulatory approvals.

About Texmaco: Based in Kolkata, Texmaco operates seven manufacturing facilities across West Bengal, Gujarat, and Chhattisgarh. A key supplier to Indian Railways, private companies, and international clients, Texmaco boasts existing joint ventures with global giants such as Wabtec and Touax.

Published on August 27, 2025