Shares of state-owned Rail Vikas Nigam Ltd (RVNL) gained over 3% in the afternoon session today after the state-run company said its JV with KRDCL has emerged as the lowest bidder (L1) from Southern Railway for ‘Redevelopment of Thiruvananthapuram Central Railway Station on Engineering, Procurement and Construction (EPC) mode.”
"RVNL has signed MoU with Airports Authority of India (AAI) for construction of subway/underpass to connect the operational area to the Airport Authority of India residential colony in Kolkata," the company said in an exchange filing.
Rail Vikas Nigam Ltd (RVNL), under the Ministry of Railways, is involved in the project development, financing and implementation of projects related to rail infrastructure.