Texmaco And RVNL Form Joint Venture To Boost Rail Manufacturing

25 Feb 2026 CW Team

The JV will focus on manufacturing of rolling stock, track components and electrical systems at upgraded facilities. It intends to leverage modern production techniques and encourage participation by small and medium enterprises to strengthen the supply chain. Investment in technology and skills development is likely to be prioritised to meet quality and safety standards. The partners envisage streamlined project management to shorten delivery timelines.

The joint venture is expected to bid for infrastructure projects across the rail network, including station modernisation and corridor works. Emphasis on indigenisation aligns with domestic manufacturing policies and could support the Make in India agenda. The collaboration may create employment opportunities in manufacturing, engineering and project delivery roles across regions where facilities are located. Stakeholders anticipate improved lifecycle support for assets through integrated maintenance and supply services.

Market observers say the venture could strengthen capacity within the railway manufacturing ecosystem and offer contractors a domestic partner for large projects. The JV structure aims to combine Texmaco manufacturing strengths with RVNL project delivery experience. Regulators and customers will monitor contract awards and implementation timelines as the partners operationalise the entity. The companies plan to finalise governance and operational plans before commencing full scale activities swiftly.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Texmaco Rail and Engineering Limited (Texmaco) and Rail Vikas Nigam Limited (RVNL) have formed a joint venture to expand rail manufacturing and infrastructure capabilities. The partnership aims to combine manufacturing expertise with project execution capacity to accelerate delivery of rail assets and systems. The companies have positioned the JV to support national priorities on modernisation and capacity building for railways. The arrangement is expected to enhance local production and reduce reliance on imports. The JV will focus on manufacturing of rolling stock, track components and electrical systems at upgraded facilities. It intends to leverage modern production techniques and encourage participation by small and medium enterprises to strengthen the supply chain. Investment in technology and skills development is likely to be prioritised to meet quality and safety standards. The partners envisage streamlined project management to shorten delivery timelines. The joint venture is expected to bid for infrastructure projects across the rail network, including station modernisation and corridor works. Emphasis on indigenisation aligns with domestic manufacturing policies and could support the Make in India agenda. The collaboration may create employment opportunities in manufacturing, engineering and project delivery roles across regions where facilities are located. Stakeholders anticipate improved lifecycle support for assets through integrated maintenance and supply services. Market observers say the venture could strengthen capacity within the railway manufacturing ecosystem and offer contractors a domestic partner for large projects. The JV structure aims to combine Texmaco manufacturing strengths with RVNL project delivery experience. Regulators and customers will monitor contract awards and implementation timelines as the partners operationalise the entity. The companies plan to finalise governance and operational plans before commencing full scale activities swiftly.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..