Rail Vikas Nigam rises on getting LoA from Ahmedabad Municipal Corporation
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Rail Vikas Nigam is currently trading at Rs. 36.20, up by 0.40 points or 1.12% from its previous closing of Rs. 35.80 on the BSE.
The scrip opened at Rs. 36.10 and has touched a high and low of Rs. 36.35 and Rs. 35.80 respectively. So far 52928 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.75 on 25-Oct-2021 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. 38.65 and Rs. 35.60 respectively. The current market cap of the company is Rs. 7464.37 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 9.24% and 12.56% respectively.
Rail Vikas Nigam has received Letter of Acceptance (LoA) from Ahmedabad Municipal Corporation (AMC) for development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 2: Kharicut Canal Development Navyug School Canal Crossing to Nidhipark Society (Ch. 2500 – Ch. 5000) of Rs 236.20 crore and for development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 3 : Kharicut Canal Development Nidhipark Society to Odhav Fire Station (Ch. 5000 – Ch. 7600) of Rs 248.00 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.sss
