RVNL has signed a memorandum of understanding (MOU) with Jaykaycem (Central) Limited, a fully owned subsidiary of JK Cement Limited.
The pact is for the building of a 50-kilometer new railway line between Devendra Nagar and Puraina in Madhya Pradesh using the SPV form.
Jaykaycem (Central) Limited is a non-government company, incorporated on 30 Nov, 1987. It is a public unlisted company and is classified as a ‘company limited by shares’.
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