Rail Vikas Nigam Ltd. (RVNL) and Texmaco Rail & Engineering Ltd., a manufacturer of rolling stock, have entered a joint venture for the modernisation of India’s railway system and its competitive position in global exports.
This joint venture will focus on the production of freight and passenger rolling stock, which includes wagons, locomotives, passenger coaches, trainsets, and metro coaches. Additionally, it will engage in Engineering, Procurement, and Construction (EPC) contracts, depot operations, and participation in international tenders.

Texmaco, part of the Adventz Group, will retain a 49% equity stake in the venture, while Navratna PSU RVNL will serve as the majority stakeholder. The joint venture is set to explore advanced technologies, including automation, artificial intelligence, and environmentally sustainable practices, to provide innovative and cost-effective solutions.
Saroj Kumar Poddar, Chairman of the Adventz Group, stated that this joint venture will enhance India’s capacity to deliver superior railway infrastructure. “It will pave the way for innovation, export opportunities, and the integration of digital technologies, thereby making Indian Railways competitive on a global scale while supporting the nation’s journey toward self-reliance,” as reported by CNBC TV 18.

Texmaco MD Sudipta Mukherjee said, “We will deliver next-generation freight, passenger, and metro systems that advance Atmanirbhar Bharat and put India on the global rail map.”
Pradeep Gaur, Chairman and Managing Director of RVNL, concluded that this collaboration aligns with the Government of India’s Make in India initiative and its commitment to promoting green mobility solutions.
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