Stock Report

Texmaco & RVNL Sign Strategic JV Pact

Posted On : 2026-02-20 00:51:54( TIMEZONE : IST )

Texmaco Rail & Engineering Ltd. and Rail Vikas Nigam Limited (RVNL) today formalised their strategic partnership by signing the Joint Venture Shareholders' Agreement at a ceremony in New Delhi, marking a defining step toward accelerating India's rail manufacturing capabilities and strengthening its position as a global infrastructure solutions provider.

Speaking on the development, Mr Saroj Kumar Poddar, Chairman, Texmaco Rail & Engineering, said, "The alliance brings together Texmaco's industrial manufacturing scale and export reach with RVNL's proven execution track record in complex rail EPC projects, creating a powerful institutional platform aligned with the Government of India's Aatmanirbhar Bharat vision."

The signing of the Joint Venture Shareholders' Agreement formally launches this next phase of collaboration, establishing a unified platform capable of delivering sustainable, scalable, and future-ready rail solutions for India and the world.

Mr. Indrajit Mookerjee, Vice Chairman & Executive Director, Texmaco Rail & Engineering, said, "This partnership represents a transformational step in building globally competitive rail capabilities from India. By aligning manufacturing excellence with execution expertise, we are creating a platform that can deliver integrated rail solutions for both national priorities and international markets."

Speaking on the occasion, Mr. Sudipta Mukherjee, Managing Director, Texmaco Rail & Engineering, stated, "This joint venture represents a unique public-private partnership aligned with the Hon'ble Railway Minister's pursuit of excellence and the Hon'ble Prime Minister's dynamic vision of Aatmanirbhar Bharat. It reflects our shared commitment to shaping the future of rail mobility through next-generation freight, locomotive, passenger, and metro systems. The collaboration will accelerate innovation, strengthen export competitiveness, and reinforce India's position on the global rail map."

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 globalstandard quality. With Texmaco holding a 49 percent stake and RVNL retaining majority ownership, the collaboration is structured to leverage public-sector execution depth with privatesector manufacturing agility.

Mr. Saleem Ahmad, Chairman & Managing Director, Texmaco Rail & Engineering, stated, "This JV is not merely a corporate collaboration but a strategic platform for national infrastructure advancement. It will unlock long-term value through scale, technology adoption, and global project participation."

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 exportready 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. By combining design innovation, execution speed, and engineering excellence, the Texmaco-RVNL partnership is expected to play a pivotal role in advancing Viksit Bharat @ 2047 while strengthening India's global industrial footprint.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 306.75 as compared to the previous close of Rs. 309.75. The total number of shares traded during the day was 786534 in over 9729 trades.

The stock hit an intraday high of Rs. 314.40 and intraday low of 305.05. The net turnover during the day was Rs. 243655756.00.

Shares of Texmaco Rail & Engineering Limited was last trading in BSE at Rs. 112.30 as compared to the previous close of Rs. 114.40. The total number of shares traded during the day was 73781 in over 1059 trades.

The stock hit an intraday high of Rs. 114.10 and intraday low of 111.75. The net turnover during the day was Rs. 8309433.00.