RVNL goes to Kyrgyz

Rail Vikas Nigam (RVNL) entered into o an agreement with "Kyrgyzindustry" for execution of infrastructure projects in Kyrgyz Republic.

The company’s mandate is to execute the railway line network on mutually agreed terms and conditions in the Kyrgyz Republic.

Last week, the JV of RVNL, Bhartia, received a Letter of Acceptance (LoA) from the Northeast Frontier Railway for the construction of single line BG tunnel, estimated to cost Rs.560 crore.

The stock price of RVNL did not react positively to the Kyrgyz news and currently remains in the red at Rs.31.70. Its 52-week high and low stand at Rs.44.75 and Rs.27.50 respectively.