Patel Engineering stock rises 6% after inking MoU with Rail Vikas Nigam

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Patel Engineering stock rises 6% after inking MoU with Rail Vikas Nigam - Business Standard

Quick Summary:

The rise in Patel Engineering share price came after the company said that it has signed a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL), a state-owned railway company.

It has completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling for clients which are mostly central PSUs or state government organisations.

The company has a consistent track record in execution of projects in the domestic and international arena.