Signing of Joint Venture Agreement with Titagarh Rail Systems Limited
Signing of Joint Venture Agreement with Titagarh Rail Systems Limited
- JV to form a Private Limited Company with 50:50 shareholding
- JV scope: comprehensive maintenance of Vande Bharat Sleeper Trainsets for 35 years
- Initial paid-up capital INR 50 lakh; registered office in Delhi
- Each party to nominate two directors to the JV board
- Not a related party transaction
- JV aims to ensure operational readiness, safety, and reliability of trainsets
Source: Original filing PDF
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