Rail Vikas Nigam Forms Joint Venture for Solar EPC Projects

Rail Vikas Nigam Limited (RVNL) has formed a joint venture (JV) company with Jakson Green Private Limited for exploring opportunities in solar power projects in India and abroad. The JV will operate under the name JGPL-RVNL EPC Private Limited and will have a 51:49 shareholding ratio between RVNL and Jakson Green. The scope of business will include solar EPC projects outside India, and the consideration paid/received will be determined on an arm's length basis. The acquisition is not a related party transaction, and the promoter/promoter group/group companies do not have any interest in the entity being acquired. The rationale for the JV is to explore green clean energy projects and benefit from the expertise of both companies.,