RVNL shares decline 2% despite securing Rs 111 crore project from Southern Railway

RVNL shares decline 2% despite securing Rs 111 crore project from Southern Railway

Rail Vikas Nigam (RNVL) declared that Southern Railway had sent them a letter of acceptance (LoA) for a construction contract for Rs 110.86 crore. The directive calls for replacing the balance AFTCs in the MAS-GDR & MSB-TBM automatic block signalling sections of Chennai Division in Southern Railway and installing MSDAC at stations in conjunction with…

RVNL shares

RVNL shares in focus after establishing new subsidiary in Saudi Arabia

Shares of Rail Vikas Nigam Ltd (RVNL) fell 4.62% on the NSE to an intraday low of ₹444.10 following the company’s announcement that it had established a completely owned subsidiary business in Saudi Arabia called “Company Rail Vikas Nigam Ltd. (One Partner)”. At 10:51 a.m. on Tuesday, the stock was down 3.89% on the NSE,…