Texmaco and RVNL form joint venture for rail manufacturing
pre-market1 source ↓written by the desknot a recommendation
- 19 Feb 2026
- while RVNL maintains
- 49% stake
Texmaco Rail & Engineering and Rail Vikas Nigam Limited (RVNL) signed a Strategic Joint Venture Agreement on 19 Feb 2026. Texmaco holds a 49% stake while RVNL maintains majority ownership, aiming to enhance India's rail manufacturing capabilities and global competitiveness. This partnership combines public-sector execution with private-sector agility, potentially boosting market sentiment in the infrastructure sector.
Not investment advice. For informational purposes only.