BAJAJ BROKING
RVNL and Patel Engineering have signed an MoU to collaborate on hydro and infrastructure projects domestically and internationally. This strategic alliance leverages their expertise, enhancing synergies and expanding project opportunities in the infrastructure sector.
Rail Vikas Nigam Limited (RVNL), a Navratna public sector enterprise, has signed a Memorandum of Understanding (MoU) with Patel Engineering Limited. This strategic partnership aims to explore and execute hydro and infrastructure projects both in India and abroad, combining the strengths and capabilities of both companies.
The MoU allows RVNL and Patel Engineering to collaborate on selected hydro and infrastructure projects as they emerge. This partnership will merge Patel Engineering’s extensive experience in infrastructure development with RVNL’s proficiency in rail and transport infrastructure, enhancing project execution standards.
The agreement provides flexibility in project participation, enabling both parties to bid either jointly or independently, depending on the project scope. This arrangement allows the companies to develop cohesive bidding strategies, ensuring optimal terms and structure for each opportunity.
The MoU highlights the commitment to create a collaborative framework that enhances synergies in the hydro and infrastructure sectors. By leveraging each other's expertise, the partnership aims to deliver high standards of project execution and operational excellence.
Patel Engineering share price closed at ₹53.70 on Thursday, down 1.88%. Over the past year, the stock has declined by 5.87%.
RVNL share price ended almost flat at ₹578.15 on Thursday, marginally down by 0.0086%. However, over the last 12 months, RVNL’s share price has surged impressively by 349.92%.
The collaboration between RVNL and Patel Engineering represents a strategic step towards expanding their project portfolios in the hydro and infrastructure sectors. By pooling their resources and expertise, the two companies are positioned to seize emerging opportunities and drive sectoral growth.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Paramount Speciality Forgings IPO
14 Sep, 2024 | 1 Min. read
OSEL Devices IPO Price, Analysis, Objective & How to Apply
14 Sep, 2024 | 1 Min. read
Patanjali Group aims to raise $240m via block trade at ₹1,815
13 Sep, 2024 | 2 Min. read
Adani Group denies Hindenburg allegations, shares rise
13 Sep, 2024 | 2 Min. read
Commodities Market Today | U.S. crude jumps 2%, gold hits record on rate cut hopes
13 Sep, 2024 | 1 Min. read
Share Market Today | Gift Nifty indicates positive market open amid global cues
13 Sep, 2024 | 4 Min. read
Gold Rate Today | Gold hits record high as Fed rate cut expectations grow
13 Sep, 2024 | 2 Min. read
BPCL approves green energy JVs with Sembcorp, GPS Renewables
13 Sep, 2024 | 2 Min. read
Zee Entertainment terminates merger with Culver Max, BEPL
13 Sep, 2024 | 2 Min. read
Nazara Technologies to Invest Rs 982 Cr in PokerBaazi
13 Sep, 2024 | 2 Min. read
KIMS 1:5 Stock Split Record Date Is September 13
13 Sep, 2024 | 1 Min. read
Northern ARC Capital IPO Date, Price, Insight, Timeline & Details
13 Sep, 2024 | 3 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading