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Rail Vikas Nigam jumps 4% on MoU with Kyrgyz Republic for railway corridor projects

The stock touched a 52-week high of Rs 44.75 and a 52-week low of Rs 19 on 25 October, 2021 and 21 December, 2020, respectively.

December 01, 2021 / 10:00 AM IST
 
 
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Rail Vikas Nigam's shares jumped over 4 percent to Rs 35.05 on December 1 after company signed a memorandum of understanding for the development of railway corridor projects in Kyrgyz Republic.

"Rail Vikas Nigam has entered into an MoU with Economic Policy Research Institute of KYRGYZ Republic, Government of Kyrgyzstan, for development of railway corridor projects in Kyrgyz Republic specially to connect from Bishkek to Karakechenskoye," the company said in a release.

Both parties will exchange information and promote the implementation of the railway project.

At 09:37 hrs, Rail Vikas Nigam was quoting at Rs 34.55, up Rs 1.00, or 2.98 percent on the BSE.