India’s leading railway company RVNL’s shares surged 6% in trade today after the company (Rail Vikas Nigam Limited) today said that they have signed an MoU (Memorandum of Understanding) with M/s United Construction Limited of Israel. RVNL share price hit an intraday high of Rs 619 against its previous close of Rs 586.15.
“RVNL has signed Memorandum of Understanding (MoU) with M/s United Construction Limited, Israel to co-operate with each other to get projects in the field of Railways, MRTS, Tunnels, Roads (Highways & Expressways), Bridges, Building Works, Airports, Ports, Irrigation, Power Transmission and Distribution Sector, Solar Sector, Wind Sector in Israel,” the company said in an exchange filing.
