Rail Vikas Nigam rises on executing agreement with Texmaco Rail & Engineering
Rail Vikas Nigam is currently trading at Rs. 308.40, up by 1.65 points or 0.54% from its previous closing of Rs. 306.75 on the BSE.
The scrip opened at Rs. 306.00 and has touched a high and low of Rs. 310.50 and Rs. 303.00 respectively. So far 243994 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.00 on 20-May-2025 and a 52 week low of Rs. 295.25 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 314.40 and Rs. 303.00 respectively. The current market cap of the company is Rs. 64197.77 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.37% and 15.79% respectively.
Rail Vikas Nigam has executed Strategic Joint?Venture Shareholders’?Agreement with Texmaco Rail & Engineering for incorporation and operation of joint venture company. The joint venture will focus on advanced rolling stock segments, lifecycle maintenance and asset management solutions, and large-scale EPC and turnkey infrastructure projects in India and overseas markets.
The joint venture is expected to generate large-scale industrial activity, support domestic MSME ecosystems, and create thousands of skilled jobs across India’s manufacturing corridors, while embedding sustainability practices such as renewable energy integration and circular production systems.
