Texmaco Rail & Engineering Ltd. and Rail Vikas Nigam Limited (RVNL) have formalised their strategic partnership by signing the Joint Venture Shareholders’ Agreement at a ceremony in New Delhi, marking a significant step towards expanding India’s rail manufacturing capabilities and strengthening its global infrastructure presence.

Saroj Kumar Poddar, Chairman, Texmaco Rail & Engineering, said the alliance combines Texmaco’s manufacturing scale and export reach with RVNL’s execution expertise in complex rail EPC projects, creating an institutional platform aligned with the Government of India’s Aatmanirbhar Bharat vision.

The agreement formally launches the next phase of collaboration, establishing a unified platform to deliver scalable and future-ready rail solutions for domestic and international markets.

Indrajit Mookerjee, Vice Chairman & Executive Director, Texmaco Rail & Engineering, described the partnership as a transformational step towards building globally competitive rail capabilities from India by integrating manufacturing strength with execution expertise.

Sudipta Mukherjee, Managing Director, Texmaco Rail & Engineering, stated that the joint venture represents a public–private partnership aligned with the Hon’ble Railway Minister’s pursuit of excellence and the Hon’ble Prime Minister’s vision of Aatmanirbhar Bharat. He added that it reflects a shared commitment to advancing next-generation freight, locomotive, passenger and metro systems, strengthening export competitiveness and reinforcing India’s global rail standing.

The joint venture will focus on advanced rolling stock, lifecycle maintenance and asset management solutions, and large-scale EPC and turnkey infrastructure projects in India and overseas. Texmaco will hold a 49 per cent stake, while RVNL will retain majority ownership, combining public-sector execution depth with private-sector manufacturing agility.

Saleem Ahmad, Chairman & Managing Director, RVNL, said the JV serves as a strategic platform for national infrastructure development and long-term value creation through scale, technology adoption and global project participation.

The initiative aims to position India as a global hub for rolling stock and rail infrastructure by promoting technology indigenisation, localised supply chains and export-ready platforms compliant with international safety and performance standards. It is expected to generate industrial activity, support domestic MSMEs and create skilled employment across manufacturing corridors, while integrating sustainability practices such as renewable energy use and circular production systems.

The venture will also pursue projects across Asia, Africa and the Middle East, targeting integrated rail manufacturing and infrastructure contracts. By combining design innovation, execution efficiency and engineering capability, the Texmaco–RVNL partnership is expected to contribute to Viksit Bharat @2047 and expand India’s global industrial footprint.