RVNL, Texmaco joint venture set to operationalise by November to boost rail infrastructure

Rail Vikas Nigam Limited and Texmaco Rail & Engineering Ltd, which recently signed a joint venture agreement to develop India’s next-generation railway ecosystem, will incorporate a new company by November, an official said.

“Following the signing of the JV agreement, we are, as the immediate next step, working towards finalising the incorporation of the new company by completing the statutory formalities and regulatory approvals,” Manish Agarwal, principal executive director (mechanical) at RVNL told PTI.