Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Shares of Texmaco Rail & Engineering rose 0.46% to Rs 139 on the BSE.
Under the agreement, RVNL will hold a 51% stake in the new entity, while Texmaco will own the remaining 49%. The JV is expected to close by 31 December 2025, subject to regulatory approvals.
The joint venture company will focus on the manufacturing and maintenance of freight and passenger rolling stock, including locomotives, wagons, coaches, trainsets, metro coaches and specialized equipment.
The establishment of this joint venture holds strategic importance for both Texmaco Rail and RVNL. Through the combination of Texmaco Rail’s extensive manufacturing experience and RVNL’s project execution capabilities, the two firms aim to enhance their operations and market reach both in India and internationally. This venture is also in close alignment with the government's vision for railway modernisation and the Make in India initiative, which focuses on promoting local manufacturing and infrastructure development.
Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings, etc.
Texmaco Rail & Engineering (TEXMACO), a listed entity under the Adventz Group, is a prominent player in India’s railway and infrastructure sector. The company operates through three core business segments: Freight Cars, Infra–Rail & Green Energy, and Infra–Electrical. The company specializes in manufacturing rolling stock, locomotive components, hydro-mechanical equipment, railway infrastructure, bridges, and steel structures. It is also a leading supplier of freight cars to Indian Railways.
The contract, valued at Rs 90.65 crore, will be executed over a period of 18 months. The work falls under the normal course of RVNL’s business operations and will be carried out under general contract conditions.
The order has been awarded by a domestic entity, Southern Railway, and is aimed at enhancing surveillance infrastructure across the network.
The promoter/promoter group/group companies have no interest in the entity that awarded the contract. The order does not fall under related party transactions.
The company reported a 39.92% drop in consolidated net profit to Rs 134.53 crore in Q1 FY26, compared to Rs 223.92 crore posted in Q1 FY25. Revenue from operations declined 4.05% year-on-year (YoY) to Rs 3,908.77 crore for the quarter ended 30 June 2025.
Shares of Rail Vikas Nigam rose 0.89% to Rs 329.15 on the BSE.
Rail Vikas Nigam has received LOA from IRCON International for “Supply of various signalling, telecommunications and EIMWB materials; Installation, Testing and Commissioning of Distributed/Centralised Electronic Interlocking (EI) Installations at 10 new stations, viz., Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan and Bhadi stations; 06 new IBSs in the Bhingra-Putuwa, Putuwa-Matin, Sendurgarh-Putipakhana, Putipakhana-Bhadi, Bhadi Dhangawan & Dhangawan-Pendra Road block sections; Installation, Testing and Commissioning of New Section Control System with Headquarters and Wayside Train Control Communication Equipment/System in the Gevra Road-Pendra Road section; Installation, Testing and commissioning of new Telephone Exchange and EIMWBs at appropriate location(s) through execution of various signalling & telecommunications works; alterations/modifications in the existing panel interlocking installation at Kusmunda Block Station (KBS) yard and the existing electronic interlocking installation at East Cabin of the SECL SILO Siding (KMKA) yard including other miscellaneous works.”
The contract is worth Rs 178.64 crore.
The Board of Rail Vikas Nigam at its meeting held on 12 August 2025 has noted the decision taken by MoR regarding change in shareholding pattern of Kinet Railway Solutions, a joint venture company of Rail Vikas Nigam as under:
70
35
25
5
40
100
Profit before tax stood at Rs 173.41 crore in the first quarter of FY26, down 42.50% from Rs 301.61 crore reported in the same period a year ago.
Total expenses fell 1.57% YoY to Rs 3,972.92 crore in the June 2025 quarter. Employee expenses rose 6.55% to Rs 50.05 crore, while finance costs declined 21.23% to Rs 108.17 crore during the period under review.