Rail Vikas Nigam (RVNL) has signed a memorandum of understanding MoU with Engineers India (EIL) to jointly develop projects in India and overseas.
In a regulatory filing, Rail Vikas Nigam said that the main objective of the partnership is to cooperate towards exploring new business avenues across the globe.
“The parties will co-operate to explore business avenues by identifying projects across the globe. RVNL and EIL will complement each other in partnership resulting in increased capability for bidding and carrying out infrastructure and other projects of mutual interests,” RVNL said.
It further stated that both the companies will share relevant information with the aim of identifying market needs and dovetailing it with capabilities of parties.
The MoU will also necessitate establishing a working relationship with each other targeting specific industry needs and facilitate the development of business proposals including exploring engineering, procurement, construction (EPC) opportunities arising at various government, semi-government, autonomous bodies or authorities/ private entities/ multilateral funding agencies across the globe.
