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RVNL shares rise over 3% on winning Rs 123 crore order
[ad_1] Shares of Rail Vikas Nigam (RVNL) rose over 3% to Rs 186 in Wednesday’s trade on BSE after KRDCL – RVNL JV received a letter of award (LoA) for Rs 123 crore order to redevelop Varkala Sivagiri railway station. The order will be executed in 30 months as stated in a BSE filing by RVNL. Further, RVNL has also signed a MoU (Memorandum of Understanding) with REC, as disclosed in a separate filing with the BSE on January 2. In this collaboration, REC will finance infrastructure projects worth up to Rs 35,000 crore over the next five years. The ... Read more