Memorandum Of Understanding (MOU)
Rail Vikas Nigam Ltd signs MoU with Mr. Ashraf Gulam Mohmed Theba, Oman
State-owned RVNL has signed an MoU with Ashraf Gulam Mohmed Theba in Oman for business development and market research. The stock surged 0.90% with an intraday high of Rs 379.
RVNL shares rise as company signs MoU with Oman partner for business expansion.
Advertisement
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.