RITES readies Rs 2.5 billion for IRSDC stake; IPO to boost railways infra

According to the new plan, Indian Railways will offer 20 per cent of the overall redeveloped area for residential purposes

Shine Jacob | New Delhi
Last Updated at June 11, 2018 07:06 IST

The ambitious Rs 1-trillion railway station redevelopment plan is set to take a fresh turn. RITES, the public sector undertaking (PSU) of Indian Railways, is likely to acquire around 25 per cent stake in Indian Railway Stations Development Corporation (IRSDC), nodal agency for the redevelopment projects.

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