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RVNL Forms Joint Venture with Kyrgyzindustry

Published on December 14, 2022
Current Context: Rail Vikas Nigam Ltd (RVNL) formed a joint venture named Kyrgyzindustry-RVNL with Kyrgyzindustry.
RVNL Forms Joint Venture with Kyrgyzindustry
  • The joint venture Kyrgyzindustry-RVNL will be a Closed Joint Stock Company (CJSC), i.e. it will not be entitled to conduct an open subscription for shares issued by it.
  • As per the agreement, RVNL will own 50% of the share and the rest 50% will be held by Kyrgyzindustry.
  • The primary of this joint venture will be to construct rail, road, and other infrastructure projects in Kyrgyzstan.
  • The partnership will enable RVNL to fast-track the development and expansion of the rail network in the Central Asian country.
  • RVNL is a Government of India-owned Category-I Miniratna that was established in 2003 with its headquarters in New Delhi. The current Chairperson of the company is Pradeep Gaur.

Question:

Q.1 Recently Rail Vikas Nigam Ltd (RVNL) formed a joint venture with?
a. Deutsche Bahn
b. Canadian National Railway
c. CSX Transportation
d. Kyrgyzindustry
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