Introduction:
Leading railway infrastructure company has signed a Memorandum of Understanding (MoU) with a Dubai-based firm to explore opportunities in the civil infrastructure sector across GCC countries, aiming to expand their footprint and collaborate on regional projects.
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Share price movement of RVNL:
On January 8, 2025, Rail Vikas Nigam Limited (RVNL) opened at ₹420.05, up 0.87% from its previous close of ₹416.45. The stock reached a high of ₹423.75 (1.74%) and a low of ₹412.60. By 11:52 AM, it traded at ₹416.90, a 0.11% increase, with a market cap of ₹87,018.31 crore.
RVNL partners with GBHIC for GCC infrastructure:
Rail Vikas Nigam Limited (RVNL) has signed a Memorandum of Understanding (MoU) with GBH International Contracting LLC (GBHIC), a Dubai-based company. The collaboration aims to explore business opportunities in the civil infrastructure sector across GCC countries.
The MoU marks a significant step in expanding RVNL’s footprint in the GCC region. Both companies will work together to tap into the growing infrastructure market, leveraging their expertise to drive projects in the region.
Recent news on RVNL:
As of December 16, 2024, Rail Vikas Nigam Ltd (RVNL) received a ₹270 crore contract from Maharashtra Metro Rail Corporation Ltd for constructing 10 elevated metro stations as part of the second phase of the Nagpur Metro Rail Project.
Stock performance of RVNL for Period of 1 week, 6 months and 1 year:
Rail Vikas Nigam Ltd (RVNL) has experienced a -2.79% return over the past week and -33.6% over the last six months. However, the company saw a strong 125% return over the past year, indicating impressive long-term performance.
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Shareholding pattern of RVNL:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 72.80% | 72.80% | 72.80% |
| FII | 5.10% | 3.10% | 2.30% |
| DII | 6% | 6.80% | 6.20% |
| Public | 15.80% | 17.30% | 18.70% |
About RVNL:
Rail Vikas Nigam Limited (NSE: RVNL) is a public sector undertaking focused on the development and execution of infrastructure projects, primarily in the railway sector. It undertakes projects related to railways, highways, and other transport-related infrastructure across India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
