Pipavav Railway Corporation Ltd. (PRCL) is a Joint Venture of Indian Railways and the Gujarat Pipavav Port Ltd (GPPL), set up to construct, maintain and operate 270 kilometer long broad gauge railway line connecting port of Pipavav, in the state of Gujarat to Surendranagar Jn. on Western Railway . PRCL is the first infrastructure modal of Public - Private Partnership in rail transportation. PRCL enjoys the status of a Railway Administration, under Railway Act, 1989.

RPL started as a government rubber plantation scheme in 1972 for the settlement of Sri Lankan repatriates which was necessitated by Sirimao-Shastri Agreement of 1964. Later on it was formed into Government Company and incorporrated on 05/05/1976. The authorised share capital of the company is Rs.350.00 lakhs and the paid up capital is Rs.339.27 lakhs. The share capital contribution of Government of India is 40% and remaining 60% was contributed by Government of Kerala.

Tehri Hydro Development Corporation Ltd.(THDC) was incorporated on 12.7.1988 as a Joint Venture of Government of India & Government of U.P.

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