Newsletter
Texmaco Rail & Engineering and Rail Vikas Nigam have joined forces to strengthen India’s railways and expand their presence in infrastructure projects worldwide.
What is happening: the joint venture will have RVNL holding 51% and Texmaco 49%. Together, they will work on building advanced trains, maintaining and managing railway assets, and executing large railway infrastructure projects in India and abroad.
The focus isn’t just domestic, this partnership aims to win rail projects across Asia, Africa, and the Middle East.
Zoom out: the Indian railway manufacturing and infrastructure sector is seeing growing activity. Players like Titagarh Wagons are strong in rolling stock manufacturing, while BEML has a significant presence in railway rolling stock and mining equipment. In EPC, companies such as Larsen & Toubro (L&T) are major players. International companies like Siemens India and Alstom India have manufacturing bases in India, particularly for metro and high-speed rail projects.
The Texmaco Rail-RVNL joint venture aims to carve out a unique position by combining large-scale manufacturing with deep EPC execution expertise, potentially challenging existing players by offering integrated solutions.
