Overview

• Texmaco will invest Rs 49 crore for its 49% stake, while RVNL will hold 51% in the new company.
• The venture will manufacture and maintain wagons, locomotives, coaches, trainsets and metro coaches, as well as specialized equipment.
• The JV will bid in domestic and international tenders, take on EPC contracts and set up and operate workshops, depots and sheds.
• Company leaders frame the tie-up as advancing Make in India, export competitiveness, digital technologies and greener mobility.
• RVNL shares rose roughly 1–1.5% on the announcement as Texmaco slipped slightly in early trade.