Mumbai, Feb. 20 -- The partnership aims to build a rolling stock powerhouse and expand Texmaco's rail EPC footprint across India. Officials said the collaboration will accelerate the country's rail manufacturing capabilities and strengthen its position as a global infrastructure solutions provider.

The JV marks a significant step in India's push to enhance domestic rail production and meet growing demand for modern, efficient rail systems.

The JV will focus on advanced rolling stock, lifecycle maintenance, asset management, and large-scale EPC projects in India and abroad. Combining Texmaco's manufacturing agility (49% stake) with RVNL's public-sector execution, the partnership aims to deliver cost-competitive, high-quality integrated r...