Rail Vikas Nigam inks MoU With BHEL; Stock dips 2.5%

29 Aug 2022 , 09:19 AM

Rail Vikas Nigam Ltd has informed to the exchanges regarding signing of MoU with Bharat Heavy Electricals Limited (BHEL).

According to the regulatory filing, RVNL has signed an MoU with Bharat Heavy Electricals Limited (BHEL) to jointly work in the field of infrastructure and project execution, in India and abroad, through synergy of their respective capabilities.

The main objective of this MoU is to indigenizing imported components/equipment in line with ‘Make in India’ programme and give a boost to ‘Atmanirbhar Bharat Policies’ of Government of India.

At around 9:19 AM, Rail Vikas Nigam Ltd is currently trading at Rs31.50 per share down by Rs0.8 or 2.48% from its previous closing of Rs32.30 per share on the BSE.

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