RVNL shares slipped to a day low of Rs 224.50 on the NSE on 17 July 2026, even after the company signed a fresh MoU with Goa’s government.

RVNL said in an exchange filing that it has signed a memorandum of understanding with the Government of Goa to work together on infrastructure projects in the state.

Under this agreement, RVNL will act as the project executing agency, meaning it will help identify and carry out projects on terms both sides agree to.

The company has not shared any details yet on the size of these projects, the sectors involved or when work might begin.

This kind of early stage agreement is common before actual project contracts are finalised, so investors will need to wait for more concrete updates. This MoU comes at a time when RVNL has already been winning other orders.

Earlier this week, Siemens announced a contract worth around Rs 263 crore from RVNL for railway electrification work on the Rishikesh to Karnaprayag line in Uttarakhand.

Separately, RVNL also received a letter of award from NMDC for a stockpile and blending yard project in Visakhapatnam, valued at close to Rs 2,977 crore, with a 42 month completion timeline.

Despite this steady flow of new business, the stock has had a difficult year. RVNL has fallen close to 38% since the start of 2026 and remains sharply below its 52 week high of Rs 400.70, hit back in December 2025.

The stock closed lower for the day. RVNL shares ended at Rs 225.44 on the NSE, down 0.42% from the previous close of Rs 226.40.

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