Texmaco Rail & Engineering Limited has entered into a strategic joint venture with Rail Vikas Nigam Limited to strengthen rolling stock manufacturing and rail EPC capabilities in India and overseas markets.
Under the agreement executed on 19 February 2026 in New Delhi, Texmaco Rail will hold 49% stake in the joint venture, while RVNL will retain majority ownership. The arrangement blends RVNL’s infrastructure execution experience with Texmaco’s manufacturing scale and export presence.
The collaboration follows earlier disclosures made on 29 May 2025 and 27 August 2025 regarding the proposed partnership.
As per the exchange filings, Saroj Kumar Poddar, Chairman, Texmaco Rail & Engineering Limited, stated that the alliance combines manufacturing strength and EPC execution to build a platform aligned with “Aatmanirbhar Bharat”.
Indrajit Mookerjee, Vice Chairman & Executive Director, said the partnership is a “transformational step to build globally competitive rail capabilities” across domestic and international markets.
The joint venture will target advanced rolling stock segments, lifecycle maintenance, asset management solutions, and large-scale turnkey infrastructure projects. Operations will cover India and international geographies including Asia, Africa and the Middle East.
The platform aims to localise supply chains, promote technology indigenisation and develop export-ready rail systems meeting international performance standards. The initiative is also expected to support MSME participation, create skilled employment and integrate renewable energy and circular production practices.
Sudipta Mukherjee, Managing Director, described the venture as “a public–private partnership aligned with national infrastructure priorities and future rail mobility”.
Saleem Ahmad, Chairman & Managing Director, added that the JV is a “strategic platform for national infrastructure advancement focused on scale, technology adoption and global participation”.
Read More: Government Targets ₹80,000 Crore from Rail PSU Stake Sale by FY30!
As of February 20, 2026, at 10:19 AM, Texmaco Rail & Engineering Limited share price is trading at ₹111.30 per share, reflecting a decline of 0.71% from the previous closing price.
As of February 20, 2026, at 10:19 AM, Rail Vikas Nigam Limited share price is trading at ₹307.85 per share, reflecting a surge of 0.35% from the previous closing price.
The 49:51 joint venture positions Texmaco Rail and RVNL to pursue integrated rail manufacturing and EPC opportunities, supporting India’s long-term infrastructure expansion and international rail ambitions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 20, 2026, 11:22 AM IST
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