The Economic Times

Big railway PSU merger on the way? IRCON, RVNL shares rally up to 12% on merger reports

IRCON and RVNL shares surged significantly on Friday following reports of a proposed merger initiated by the Ministry of Railways. This consolidation aims to create a larger, more efficient railway entity by combining specialized expertise and enhancing execution capacity. The proposal now awaits approval from various government ministries and the CCEA.