Rail Vikas Nigam rises on emerging as lowest bidder for Odisha project
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Rail Vikas Nigam is currently trading at Rs. 123.90, up by 1.95 points or 1.60% from its previous closing of Rs. 121.95 on the BSE.
The scrip opened at Rs. 123.95 and has touched a high and low of Rs. 125.15 and Rs. 123.00 respectively. So far 544501 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. 30.30 on 15-Jul-2022.
Last one week high and low of the scrip stood at Rs. 125.95 and Rs. 121.10 respectively. The current market cap of the company is Rs. 25426.82 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 been emerged as the Lowest Bidder (L1) for ‘Rehabilitation and Up gradation from 4 to 8 laning of Chandikhole - Paradip Section of NH-53 (Old NH- 5A) from Km. 60.000 to Km. 76.646 (Package-4) in the State of Odisha on HAM mode- 2nd Call. The cost of project is Rs 808.48 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.
