Rail Vikas Nigam gains as its JV gets LoA worth Rs 2248.94 crore
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Rail Vikas Nigam is currently trading at Rs. 121.40, up by 0.95 points or 0.79% from its previous closing of Rs. 120.45 on the BSE.
The scrip opened at Rs. 123.70 and has touched a high and low of Rs. 124.90 and Rs. 117.00 respectively. So far 1377004 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.50 on 08-May-2023 and a 52 week low of Rs. 29.00 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 144.50 and Rs. 117.00 respectively. The current market cap of the company is Rs. 25114.07 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 8.04% and 13.76% respectively.
RVNL-SCC, a joint venture (JV) between Rail Vikas Nigam (RVNL) and SCC Infrastructure, has received Letter of Award (LoA) from Additional Chief Engineer, Water Resources Zone, UHLC, Udaipur for Planning, Design and construction of main Canal and Structures including associated distribution system to provide Irrigation facility to 41903 ha. Area through Piped Irrigation network for Upper High-Level Canal of Mahi Bajaj Sagar Project, Banswara (Raj) on Engineering, Procurement and Construction (EPC) single Responsibility turnkey basis, including 10 years O&M. The cost of project is Rs 2248.94 crore (RVNL Share is 51% and SCC Share is 49%).
Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
