Rail Vikas Nigam jumps on receiving orders worth Rs 4,058.18 crore from Chennai Metro Rail
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Rail Vikas Nigam is currently trading at Rs. 124.40, up by 1.85 points or 1.51% from its previous closing of Rs. 122.55 on the BSE.
The scrip opened at Rs. 126.80 and has touched a high and low of Rs. 127.75 and Rs. 123.60 respectively. So far 770789 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. 127.75 and Rs. 116.15 respectively. The current market cap of the company is Rs. 25843.82 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 8.04% and 13.76% respectively.
Rail Vikas Nigam (RVNL) has received three orders worth Rs 4,058.18 crore from Chennai Metro Rail (CMRL) for the construction of underground stations in the phase-II project. The first contract is for the construction of five underground stations at KMC (Kilpauk), Sterling Road Jn, Nungambakkam, Gemini (Anna Flyover), Thousand Lights and Thousand Lights Cross Over Box, and other works besides the diaphragm wall of two underground stations at Royapettah Government Hospital (Royapettah) and Chetpet Metro in Corridor 3 of CMRL phase-II project. The time period of the contract is 1,725 days and it is worth Rs 1,730.59 crore.
The second contract is for the construction of four underground stations at Dr Radhakrishnan Salai, Thirumayilai, Mandaneli, and Adyar Junction and two cross passage shafts and one emergency escape shaft and works other than diaphragm wall of one underground station at Greenways Road Metro in Corridor 3 of CMRL phase-II project. The size of the contract is Rs 1,461.97 crore and the time period is 1,725 days.
The last contract is for the construction of three underground stations at Adyar Depot, Indira Nagar, and Taramani Road Junction (Taramani) and ramp and works other than the diaphragm wall of the underground station at Thiruvanmiyur Metro in Corridor 3 of CMRL phase-ii project. The time period of the contract is 1,630 days and it is worth Rs 865.62 crore.
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.
