Rail Vikas Nigam signs MoU with ICF for Kolkata Metro Railway Project; stock adds ~1%

8 Apr 2022 , 10:07 AM

Rail Vikas Nigam has informed that it has signed an MoU with ICF for the manufacturing and acquisition of 296 numbers of communication-based train control system compliant Metro Coaches for the Kolkata Metro Railway Project under execution by Rail Vikas Nigam.

This action has been taken under the ‘Make-in-India’ initiative by the company.

A few weeks ago, Rail Vikas Nigam has also announced an interim dividend of Rs1.58 per share of Rs10 each, for the current financial year 2021-22.

Rail Vikas’ scrip was trading 0.73% higher at Rs34.35 against its previous close of Rs34.10 on NSE. It touched intraday high and low of Rs34.60 and Rs34.25 respectively so far.