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Texmaco, RVNL form JV to Boost Make in India and Rail Modernisation
Industry News- Aug 28,25
The new JV will focus on freight and passenger rolling stock, including wagons, locomotives, coaches, trainsets, and metro coaches, while also undertaking EPC projects, depot operations, and global tenders, strengthening India’s rail infrastructure and export capabilities.
New Delhi
Texmaco Rail & Engineering Ltd (Texmaco), part of the Adventz Group and a leading player in India’s rail and infrastructure sector, has formed a Joint Venture with Rail Vikas Nigam Ltd (RVNL), a Navratna public sector enterprise under the Ministry of Railways.
Saroj Kumar Poddar, Chairman, Adventz Group, emphasised, “This joint venture strengthens India’s capacity to deliver world-class rail infrastructure. It will open doors for innovation, exports, and digital technologies, making Indian railways globally competitive while supporting the country’s self-reliance journey.”
The new JV will focus on freight and passenger rolling stock, including wagons, locomotives, coaches, trainsets, and metro coaches, while also undertaking EPC projects, depot operations, and global tenders, strengthening India’s rail infrastructure and export capabilities.
Sudipta Mukherjee, Managing Director, Texmaco Rail & Engineering Ltd, highlighted, “This JV is about shaping the future of Indian railways. By combining Texmaco’s manufacturing expertise with RVNL’s execution excellence, we will deliver next-generation freight, passenger and metro systems that advance Atmanirbhar Bharat and put India on the global rail map.”
Texmaco will hold a 49 per cent stake, while RVNL will remain the majority shareholder. The transaction is expected to close by December 2025, subject to statutory approvals.
Pradeep Gaur, Chairman & Managing Director, RVNL, added, “This collaboration aligns with the Government’s mission of Make in India and green mobility. Together, RVNL and Texmaco will accelerate India’s rail modernisation and create sustainable, future-ready solutions for both domestic and international markets.”
The JV will actively explore innovation in automation, artificial intelligence, and green technologies, aiming to deliver advanced, sustainable, and cost-effective solutions.
As India accelerates its infrastructure growth under Make in India and Atmanirbhar Bharat, Texmaco Rail & Engineering is positioned at the forefront, delivering engineering solutions that move the nation and the world forward.
Rail Vikas Nigam Ltd is a public sector enterprise (Navratna CPSE) under the Ministry of Railways, primarily engaged in implementing rail infrastructure projects across the country. RVNL has contributed significantly to the expansion of the country’s railway and metro systems, both domestically and globally.
Texmaco Rail & Engineering Limited - a part of the Adventz Group - is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Infra–Rail & Green Energy, and Infra–Electrical. Texmaco is headquartered in Kolkata and boasts seven manufacturing facilities in West Bengal, Gujarat, and Chhattisgarh. Specialising in rolling stock, loco components, hydro-mechanical equipment, rail infra, bridges, and steel structures, Texmaco manufactures freight cars for Indian Railways, private sector clients, and export markets. With strategic joint ventures with global leaders like Wabtec and Touax, Texmaco enhances its market reach. As a significant exporter, Texmaco contributes to the 'Atmanirbhar Bharat' initiative, reinforcing India's position in global railway manufacturing.
Adventz Group is a diversified Indian business conglomerate with a strong presence across sectors, including agriculture, infrastructure, engineering, food, and finance. With a legacy of over five decades, the Group is committed to building sustainable businesses that drive innovation, create value for stakeholders, and contribute to India’s economic growth. Guided by a vision of excellence and social responsibility, Adventz Group combines global standards with local expertise to deliver high-quality products and services across domestic and international markets.
Texmaco
RVNL
Make in India
Atmanirbhar Bharat
Rail Modernisation
Rolling Stock
Infrastructure
Sudipta Mukherjee
Pradeep Gaur
Rail Vikas Nigam
Adventz Group
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