PSU NEWS
16th AGM of RVNL held at Manekshaw Centre New Delhi
New Delhi: 16th and First AGM of RVNL after issue of IPO held successfully at Manekshaw Centre, New Delhi on 18-09-2019. Congrats team RVNL.An annual general meeting (AGM) is a mandatory yearly gathering of a company's interested shareholders. At an AGM, the directors of the company present an annual report containing information for shareholders about the company's performance and strategy.
Rail Vikas Nigam Limited is an organisation associated with Indian Railways whose task is to build engineering works required by Indian Railways.To bridge the infrastructure deficit on Indian Railways, the then Prime Minister, Bharat Ratna Shri Atal Bihari Vajpayee announ?ced National Rail Vikas Yojana (NRVY) in his address from the Red Fort. NRVY was formally launched by Hon’ble PM . To implement NRVY, RVNL was incorporated as an 100% owned PSU of Ministry of Railways (MoR) with the twin objectives of raising extra-budgetary resources and implementation of projects relating to creation and augmentation of capacity of rail infrastructure on fast track basis. RVNL became fully functional.
Initial public offering or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail investors; an. IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.
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