Rail Vikas Nigam enters into MoU with J K Cements' subsidiary Jaykaycem Central

30 Mar 2022 , 10:39 AM

Rail Vikas Nigam Ltd RVNL has entered into an MoU with Jaykaycem (Central) Limited, wholly owned subsidiary of J. K. Cement Limited, for development of approx. 50 km. new Railway line between Devendra Nagar and Puraina in West Central Railway in Madhya Pradesh through SPV mode.

At around 10:40 AM, Rail Vikas Nigam was trading at Rs33.40 apiece up by Rs0.15 or 0.45% from its previous closing of Rs33.25 apiece on the BSE. The current market cap of the company is Rs6,932.69cr. 

J K Cements was trading at Rs2,434.65 apiece up by Rs61 or 2.57% on the BSE.