Rail Vikas Nigam (RVNL) and Texmaco Rail & Engineering have signed a joint venture to strengthen India’s railway modernisation and global competitiveness.

The partnership, where Navratna PSU RVNL will hold a majority stake and Texmaco (Adventz Group) will retain 49 percent, will manufacture freight and passenger rolling stock, including wagons, locomotives, coaches, trainsets and metro coaches. It will also execute EPC contracts, depot operations and participate in international tenders.

The JV will focus on five areas—rolling stock manufacturing, EPC services, depot management, automation/AI adoption, and green technologies. Expected to close by December 2025, the venture aims to deliver advanced, cost-effective and sustainable solutions. 

Adventz Chairman Saroj Kumar Poddar said, “It will open doors for innovation, exports and digital technologies, making Indian Railways globally competitive.” Texmaco MD Sudipta Mukherjee added the JV would boost "Atmanirbhar Bharat," while RVNL CMD Pradeep Gaur highlighted support for Make in India and green mobility.