Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The project, awarded under Tender No: BPL-PROJECT-EPC-2025-01, aims to support the infrastructure needed to meet a freight loading target of 3,000 metric tonnes (MT). The execution period for the order is 540 days from the date of commencement.
In a regulatory filing, RVNL clarified that neither its promoters nor the promoter group or related entities have any interest in the awarding authority. The company also confirmed that the order does not constitute a related party transaction under applicable regulations.
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.
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.
The scrip rose 0.64% to Rs 335.55 on the BSE.
An officer of the 1988 batch of the Indian Railway Service of Engineers (IRSE), Jain brings over 35 years of extensive experience in railway infrastructure, construction, operations, safety, and policy formulation. He holds a B.Tech in Civil Engineering from Pantnagar University and an M.Tech from IIT Delhi.
Throughout his distinguished career, Jain has held several key leadership positions, including Divisional Railway Manager (DRM) of Delhi, where he managed one of the busiest railway divisions and oversaw critical operations such as Covid coaches and oxygen special trains. He has also served as executive director (bridges & works) at the Ministry of Railways, principal chief engineer of NCR Prayagraj—leading infrastructure development during the Maha Kumbh—and as principal chief safety officer at Western Railway.
Jain has also contributed to bridge research and international collaboration during his tenure at the Research Designs and Standards Organisation (RDSO), and has been exposed to global best practices through official visits to countries including Japan, Finland, Malaysia, Singapore, China, and Thailand.
RVNL confirmed that Jain is not related to any director on the company’s board.
Shares of Rail Vikas Nigam rose 0.41% to Rs 317 on the BSE.
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.
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.
Shares of Rail Vikas Nigam rose 0.89% to Rs 329.15 on the BSE.