RITES Limited signs agreement for acquisition of equity stake in IRSDC

RITES Limited has signed an agreement for acquisition of a 24 per cent equity stake in Indian Railway Stations Development Corporation [IRSDC] Limited for Rs 480 million. IRSDC, the nodal agency for implementation of the station redevelopment programme, is a joint venture (JV) of the Rail Land Development Authority and IRCON International Limited. Around 600 railway stations in the country have been identified for significant transformation under the station redevelopment programme that was launched in 2015.

GET ACCESS TO OUR ARTICLES

Enter your email address