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Rail Vikas Nigam Limited has signed a Joint Venture Agreement with Texmaco Rail & Engineering Ltd. to undertake projects in the railway and allied infrastructure sectors. The proposed shareholding will be 51% for RVNL and 49% for Texmaco. A joint venture company will be incorporated subject to the approval of RVNL’s Board of Directors and other statutory approvals.

Texmaco Rail & Engineering Limited has informed the Exchange about Announcement Under Reg 30 LODR - Joint Venture Agreement. 27th August, 2025 has inter-alia, approved the execution of a joint venture agreement (“JVA”). with Rail Vikas Nigam Limited (“RVNL”), to incorporate and operate a joint venture company.

VASWANI has completed the expansion of its Billet manufacturing capacity to 1,50,000 MT per annum, with trial runs currently underway and commercial production pending approval from the Pollution Control Department. Additionally, the company has operational solar power projects totaling 16.25 MWp, while another 13.75 MWp project is in progress, with installation expected to be completed by the end of November 2025. The company will notify the Stock Exchanges upon receiving…