Rail Vikas Nigam Limited enters into MoU with Braithwaite and Co. Ltd.

Rail Vikas Nigam Limited (RVNL) has entered into an MoU on 05.10.2021 with Braithwaite & Co. Limited (BCL). RVNL / BCL consortium will explore the 400 KV/220 KV GIS, AIS substation works, 400 KV/220 KV/132 KV transmission line, HV/EHV underground cables, Railway 25 KV OHE work and Railway traction substation works, Metro station E&M work and tunnel ventilation work, Electrical substations 132KV/66KV/33KV, modification, shifting & relocation of existing EHV transmission line all MEP projects, Smart city Works, Signalling and Telecom work, IT/Non-IT infrastructure works, integrated traffic management service, projects in Govt.lSemi GovtlState GovtlPSUs etc, utilizing the credentials of each other and execute the same utilizing the expertise of each other. The aim of this consortium will be to generate at least Rs. 1000 Cr. business per year under this umbrella.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 30.95 as compared to the previous close of Rs. 30.90. The total number of shares traded during the day was 1773224 in over 5327 trades.

The stock hit an intraday high of Rs. 31.75 and intraday low of 30.75. The net turnover during the day was Rs. 55345782.00.

Source : Equity Bulls

Keywords

RailVikasNigamLimited INE415G01027 RVNL ConstructionandEngineering MoU NewBusinessAreas