Rail Vikas Nigam Limited signs MoU with Engineers India Ltd

Rail Vikas Nigam Limited (RVNL) has signed MoU with M/s Engineers India Limited (EIL).

Main Objectives of the MoU:

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;

- 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.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 521.65 as compared to the previous close of Rs. 526.55. The total number of shares traded during the day was 720229 in over 13569 trades.

The stock hit an intraday high of Rs. 529.70 and intraday low of 517.25. The net turnover during the day was Rs. 376280221.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL MoU EngineersIndia