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Rail Vikas Nigam Ltd. ( (IN:RVNL) ) just unveiled an update.
Rail Vikas Nigam Ltd. has received a Letter of Acceptance from National Mineral Development Corporation for the development of a township in Kirandul, Chhattisgarh. The project, valued at Rs. 371.69 crore and to be executed over 21 months, is a domestic contract forming part of RVNL’s normal course of business and does not involve any related-party elements, underscoring the company’s role in supporting ancillary infrastructure for India’s mining and industrial operations.
More about Rail Vikas Nigam Ltd.
Rail Vikas Nigam Ltd. is a Government of India enterprise operating in the rail infrastructure and allied development sector, executing projects such as rail lines, stations, and related civil works. The company undertakes turnkey and EPC-style contracts for public sector clients across India, supporting transport and industrial growth through infrastructure development.
Average Trading Volume: 823,018
Technical Sentiment Signal: Buy
Current Market Cap: 670.6B INR
See more data about RVNL stock on TipRanks’ Stock Analysis page.