RVNL Reaches New 52-Week High After Inking Deal with DMRC; Stock Up 68% in 3 Months.

Rail Vikas Nigam Limited (RVNL) saw its stock rise by 6.26%, reaching a fresh 52-week high of Rs 445 per share on Friday. This increase followed the announcement of a memorandum of understanding (MoU) with Delhi Metro Rail Corporation Limited (DMRC).

In an exchange filing, the state-owned company stated, “RVNL has signed an MoU with Delhi Metro Rai

Corporation Limited (DMRC) for participation in upcoming projects in India and abroad as a project service provider for metro, railways, high-speed rail, highways, mega bridges, tunnels, institutional buildings, workshops or depots, S&T works, and railway electrification."

Under this agreement, RVNL, in collaboration with DMRC, will undertake a variety of projects both domestically and internationally. These projects will include metro systems, railways, high-speed rail, highways, large bridges, tunnels, institutional buildings, workshops or depots, signaling and telecommunication works, and railway electrification.

Headquartered in New Delhi, Rail Vikas Nigam Limited specializes in constructing railway infrastructure projects across India. Established in 2003, the company actively engages in developing and executing various railway initiatives, including new lines, track doubling, gauge conversion, electrification, metro projects, bridges (including cable-stayed), and institutional buildings. Additionally, it offers financial resource mobilization services to support its projects.

Rail Vikas Nigam Limited serves clients such as Indian Railways, central and state government ministries, departments, and public sector undertakings.

BS