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An announcement from Rail Vikas Nigam Ltd. ( (IN:RVNL) ) is now available.
Rail Vikas Nigam Limited (RVNL) has entered into a Joint Venture Agreement with Texmaco Rail & Engineering Limited to form a new company focused on railway and allied infrastructure projects. The joint venture will see RVNL holding a 51% stake and Texmaco a 49% stake, positioning the new entity as a comprehensive rail solutions provider, with operations primarily in India and potential for international expansion.
More about Rail Vikas Nigam Ltd.
Rail Vikas Nigam Limited (RVNL) operates in the railway and allied infrastructure sectors, focusing on the manufacture, supply, and maintenance of rolling stock, execution of EPC projects, and participation in bidding and tenders. The company primarily operates in India but has the flexibility to expand internationally.
Average Trading Volume: 483,596
Technical Sentiment Signal: Sell
Current Market Cap: 652.2B INR
For detailed information about RVNL stock, go to TipRanks’ Stock Analysis page.