Hot Pursuit     05-Jul-24
RVNL hits record high on inking MoU with Delhi Metro Rail Corp
Rail Vikas Nigam Limited (RVNL) surged 6.93% to Rs 447.75 after it signed a memorandum of understanding (MoU) with Delhi Metro Rail Corporation (DMRC) to collaborate on upcoming projects in India and abroad.
Under this MoU, RVNL will act as project service provider for metro/ railways/ high speed rail/ highways/ megabridges/ tunnels/ institutional buildings/ workshops or depots/ S&T works/ railway electrification.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

The company reported 33.16% increase in consolidated net profit to Rs 478.40 crore on 17.38% jump in revenue from operations to Rs 6,714.01 crore in Q4 FY24 over Q4 FY23.

The counter hit an all-time high of Rs 455 in today's intra-day session.

Previous News
  Nifty below 23,450 mark; media shares under pressure
 ( Market Commentary - Mid-Session 24-Jun-24   10:33 )
  RVNL rises after PAT climbs 33% to Rs 478 cr in Q4 FY24
 ( Hot Pursuit - 18-May-24   10:55 )
  Rail Vikas Nigam receives LoA for project of Rs 440 cr
 ( Corporate News - 03-Jun-24   19:11 )
  RVNL bags LoA worth Rs 47 cr from Central Railway
 ( Hot Pursuit - 08-Apr-24   14:30 )
  RVNL emerges as L-1 bidder for Rs 191-cr railway project
 ( Hot Pursuit - 22-Jun-24   09:54 )
  RVNL hits life high on emerging as L-1 bidder for Rs 191-cr railway project
 ( Hot Pursuit - 24-Jun-24   09:43 )
  Rail Vikas Nigam Ltd Spurts 4.39%, S&P BSE India Infrastructure index Gains 1%
 ( Hot Pursuit - 18-May-24   09:30 )
  Rail Vikas Nigam wins LoA from Central Railway
 ( Corporate News - 08-Apr-24   14:30 )
  RVNL rallies on emerging as L-1 bidder for Rs 148-cr railway project
 ( Hot Pursuit - 01-Apr-24   10:38 )
  Rail Vikas Nigam schedules board meeting
 ( Corporate News - 22-May-23   11:53 )
  Rail Vikas Nigam Ltd leads gainers in 'A' group
 ( Hot Pursuit - 19-Jan-24   12:00 )
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