RVNL Restructures Shareholding in Kinet Railway Solutions Joint Venture

Rail Vikas Nigam Limited (RVNL), a Government of India Navratna enterprise, has announced a reshuffle in the shareholding structure of its joint venture company, Kinet Railway Solutions Private Limited.

According to the decision noted by RVNL’s Board of Directors in its meeting on August 12, 2025, following directions from the Ministry of Railways, the revised shareholding pattern is as follows:

• Joint Stock Company Metrowagonmash: reduced from 70% to 35%

• Rail Vikas Nigam Limited: remains unchanged at 25%

• Joint Stock Company Locomotive Electronic System: increased from 5% to 40%

This change follows the earlier signing of a share purchase agreement and shareholders’ agreement as communicated by RVNL on July 18 and July 28, 2023.

Kinet Railway Solutions Pvt. Ltd. is engaged in manufacturing and supplying advanced railway rolling stock and related systems. The reshuffle is expected to bring a more balanced distribution of ownership, potentially strengthening the joint venture’s operational and technological capabilities through diversified contributions from its partners.