Rail Vikas Nigam to hold 10% in new ports infra entity

Government-owned Rail Vikas Nigam Ltd (RVNL) will have 10 per cent equity stake in the proposed Port Infrastructure Vikas Nigam Ltd. Twelve major port trusts will have 90 per cent equity stake in the PSU, formed to enhance port connectivity through the railways. The initial authorised share capital will be around Rs 100 crore, divided into a million equity shares of Rs 1,000. The company will construct, operate and maintain rail and road infrastructure to facilitate connectivity for transportation of goods from ports in India or abroad. Contact: Rail Vikas Nigam Ltd. Fax: 011-2618 2957. E-mail: info@rvnl.org Website: www.rvnl.org