New Delhi, March 6 -- IRCON International share price jumped over 12%, while Rail Vikas Nigam (RVNL) share price surged over 6% on Friday despite weak trend on Dalal Street. The rally in these railway stocks came after reports that the government was considering a proposal to merge the two PSU companies.

IRCON International shares rallied as much as 12.13% to Rs.150.15 apiece, and RVNL stock price gained 6.58% to Rs.298.55 apiece on the BSE.

The Ministry of Railways has moved a formal proposal to merge IRCON International with Rail Vikas Nigam Limited (RVNL), online news portal PSU Connect reported, citing official sources.

If approved, the proposed merger will bring together two prominent railway PSUs under a single umbrella, potentia...