By SHINE JACOB India’s iconic Vande Bharat train project may finally find a solution to its two Russian-related issues. The first pertains to a delay in the manufacturing of 120 Vande Bharat trains, which has arisen due to differences between Russian and Indian partners within the joint venture company Kinet Railway Solutions. The second involves
RNVL was listed at the bourses in April 2019 as the government sold its shares for Rs 19 apiece. From its issue price, the stock has delivered multibagger returns of more than 500 per cent.
RVNL: A consortium of Russia's CJSC Transmashholding and Rail Vikas Nigam had in March emerged as the lowest bidder for the Rs 58,000-crore contract to manufacture and maintain 200 trainsets.
RVNL share price: Most railway counters saw a sharp upward move during the last two sessions after it was reported that Indian Railways would start production of advanced Vande Bharat trains by August this year.