27-09-2024 09:46 AM | Source: Accord Fintech
Rail Vikas Nigam gains on signing MoU with Engineers India

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Rail Vikas Nigam is currently trading at Rs. 525.70, up by 4.05 points or 0.78% from its previous closing of Rs. 521.65 on the BSE.

The scrip opened at Rs. 522.05 and has touched a high and low of Rs. 528.45 and Rs. 522.05 respectively. So far 30752 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.00 on 15-Jul-2024 and a 52 week low of Rs. 142.10 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 544.90 and Rs. 516.00 respectively. The current market cap of the company is Rs. 108765.07 crore.

The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 9.90% and 17.26% respectively.

Rail Vikas Nigam (RVNL) has signed memorandum of understanding (MoU) with Engineers India (EIL). The Parties will co-operate to Explore business avenues identify projects across the globe complementing each other in partnership resulting in increased capability for bidding and carrying out Infrastructure and other Projects of mutual interests; Share relevant information with the aim of identifying market needs and dovetailing it with capabilities of Parties; Establish a working relationship with each other targeting specific industry needs; and Facilitate the development of business proposals including exploring Engineering Procurement Construction (EPC) opportunities arising at various Govt, Semi-Govt, Autonomous Bodies or Authorities/ Private Entities/ Multilateral Funding Agencies across the globe. 

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.