How RVNL's share takes boom today..
How RVNL's share takes boom today..
New Delhi: India's central public sector enterprise, Rail Vikas Nigam Limited today takes a new height as the company's share booms to more than 7 percent and hits a high at INR 278. This was seen after the company reached the order book of Rs 65,000 crore, in which the higher portion was covered by the railways projects.
Further, the company is continuously looking for other projects in Offshore markets that include Central Asia UAE and Western Asia.
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The Navratna CPSE which works under the Ministry of Railways, Government of India gives nation the magnificent projects and also covers a wide range of projects related to India's railway infrastructure. RVNL has expanded its scope beyond railways and secured contracts for developing a port and associated infrastructure in the Maldives, manufacturing and maintaining Vande Bharat trains, and highway construction projects.
Recently the company has participated in the public-private partnership model project in Botawana. Also, it has received one order worth Rs 381.34 crore to construct the Yavatmal-Nanded new broad gauge Line of Central Railway in Maharashtra and another order of Rs 263.57 crore for the comprehensive operation and maintenance of the 3x660 MW Ghattampur Thermal Power Project.
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