IRCON International and RVNL Shares Rise on Proposed Railway PSU Merger Reports

Shares of IRCON International and Rail Vikas Nigam Limited (RVNL) rose sharply following reports that the Ministry of Railways has proposed merging the two Navratna railway PSUs. The merger aims to combine IRCON's turnkey construction expertise with RVNL's project management strengths to enhance execution capacity, operational efficiency, and international presence. The proposal requires approvals from the Ministry of Finance, Department of Public Enterprises, and the Cabinet Committee on Economic Affairs. Both companies are publicly listed, and a share swap mechanism is expected if the merger proceeds.