RVNL in news

Rail Vikas Nigam Limited (RVNL) on Tuesday said its joint venture with SCPL has emerged as the lowest bidder for an Eastern Railway project worth ₹837.67 crore. The contract is to be completed in 36 months. As per the JV, RVNL is the lead member holding a 74% stake, while SCPL is the other member holding a 26% stake. RVNL shares were trading 1.59% higher at Rs 453.3 per share on Tuesday, November 5. The stock has gained 148.76% this year, so far.