State-owned Rail Vikas Nigam Limited (RVNL) has signed MoU with Mr. Ashraf Gulam Mohmed Theba, Oman. The company has informed through exchange filing.
The main objective of the agreement is to establish an understanding between the Parties regarding the cooperative provision of Business Development, Market Research & Analysis, Company Representation in Sultanate of signs of Oman.
With this, the shares of RVNL are surged over by 0.90% with an intraday high at Rs 379.00. The current target price of the Railway PSU stock is at Rs 377.05.