Rail Vikas Nigam Ltd and REC Ltd Ink Memorandum of Understanding (MoU)

In a strategic move aimed at fostering mutual benefits, Rail Vikas Nigam Limited (RVNL) has entered into a Memorandum of Understanding (MoU) with M/s. REC Limited. The collaboration is designed to leverage the strengths of both entities, with RVNL presenting bankable projects featuring assured or projected sources of revenue/returns.

Under the terms of the MoU, REC Limited will explore the potential and scope of providing financial support directly to these projects. The arrangement includes pre-stipulated conditions and returns for REC Limited, ensuring a structured and mutually beneficial partnership. This collaboration reflects a concerted effort to streamline project financing and contribute to the successful implementation of railway infrastructure initiatives led by Rail Vikas Nigam Limited.

EQUITYBULLS