Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.1027)

1027. 

which company has signed an agreement for acquiring 24% stake in Indian Railway Stations Development Corporation for Rs 48 crore?

[A]. HSRC
[B]. Indian Mill and Railway Company
[C]. RVNL
[D]. RITES

Answer: Option D

Explanation:

Infrastructure consultancy and engineering company RITES (Rail India Technical and Economic Service) has signed an agreement for acquiring 24% stake in Indian Railway Stations Development Corporation (IRSDC) for Rs 48 crore. IRSDC, a joint venture of Rail Land Development Authority (RLDA) and IRCON International is tasked with redeveloping railway stations across the country.

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