Texmaco Rail partners with RVNL, forming a 49-51 JV to produce and maintain rolling stock nationally.

• RVNL holds 51% stake, Texmaco retains 49%, joint venture finalizes by December 2025, subject to approval.
• JV will manufacture locomotives, wagons, coaches, trainsets, metro coaches, and specialized railway equipment for domestic export.
• Strategic JV aligns with Make in India, boosting local rail manufacturing, global market reach, and export opportunities.