India: The state-owned company and one of the country’s largest freight car builders have signed an agreement establishing a joint venture.
The deal is expected to come into force by December 2025 as soon as it is approved by the regulatory authorities. A total amount of investments is reported to reach INR 2 bln ($22.6 mln), with RVNL holding a 51% controlling share.
The JV will specialise in production and maintenance of locomotives, freight cars and passenger coaches, metro trains and other types of rolling stock. The partnership will also be able to provide services on depot management and participate in railway infrastructure projects, locally and internationally. So far, these are all the details about the JV.
RVNL, which focuses on the construction of infrastructure, is a subsidiary of India’s Ministry of Railways. Since 2023, the company in consortium with TMH has been implementing a contract for the delivery of 80 Vande Bharat EMUs (1,920 cars in total) for the national operator Indian Railways.
Texmaco Rail, part of the Adventz Group, has seven plants across India. Over the previous financial year, from April 2024 to March 2025, there were 10,600 freight cars produced. Since 2024, Texmaco Rail has been collaborating with Nymwag, Czechia, constructing a new facility in Kolkata with a design capacity of 2,500 cars annually. In addition, the Indian manufacturer is partnering with the Polish start-up Nevomo on the project dedicated to the design of self-propelled freight cars with linear motors.
