RVNL‘s share price was trading in the green on Friday morning looking to halt its four-session losing streak.

What Happened: The rail infra company has entered a memorandum of understanding (MoU) with Engineers India. The partnership is aimed at identifying and bidding for infrastructure projects on a global scale.

The collaboration is designed to harness the expertise of both organisations to identify market needs and establish a working relationship, targeting specific industry requirements.

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The partnership aims to foster the development of business proposals while also exploring opportunities for engineering, procurement and construction (EPC) projects with a wide range of stakeholders. These include government, semi-government and autonomous bodies as well as private entities and multilateral funding agencies globally.

This collaboration comes on the heels of RVNL's recent success in reportedly securing contracts for the Nagpur Metro project. The orders are worth over ₹800 crore. Earlier in August, the company announced bagging a ₹203 crore order from South Eastern Railways.

Shares of the railway major have remained under pressure for the past few months. In the last 30 days, the stock has gone down around 8%.

Price Action: RVNL's share price was up 0.87% to trade at ₹526.80 as the markets opened on Friday.

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