RVNL Forms JV with Jakson Green for Solar Power Projects
In this collaboration, Jakson Green Private Limited will hold a majority stake of 51 percent, with RVNL having a 49 percent stake.
January 17, 2024. By Abha Rustagi
Firstly, the company has entered into a joint venture with Jakson Green Private Limited to explore solar power project opportunities both in India and internationally.
In this collaboration, Jakson Green Private Limited will hold a majority stake of 51 percent, with RVNL having a 49 percent stake. The focus of this joint venture is on the development of green and clean energy projects.
In addition to the joint venture, RVNL has unveiled the creation of a subsidiary company named RVNL Infra South Africa. This move signifies RVNL's commitment to expanding its operations beyond the borders of India.
As the executing arm of Indian Railways, RVNL operates on behalf of the Ministry of Railways for assigned projects. The company follows a turnkey approach, overseeing the entire project development cycle. This includes activities from conceptualization to commissioning, encompassing design, estimate preparation, contract awarding, and project and contract management.
These strategic initiatives underscore RVNL's dedication to diversifying its portfolio and contributing to the growing emphasis on sustainable and clean energy solutions in India and globally.
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