Rail Vikas Nigam shines as its JV gets LoA from National Highway Division in Ahmedabad
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Rail Vikas Nigam is currently trading at Rs. 65.34, up by 0.68 points or 1.05% from its previous closing of Rs. 64.66 on the BSE.
The scrip opened at Rs. 65.84 and has touched a high and low of Rs. 66.20 and Rs. 65.07 respectively. So far 162244 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.15 on 29-Nov-2022 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. 66.20 and Rs. 63.54 respectively. The current market cap of the company is Rs. 13481.74 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 8.90% and 12.91% respectively.
M/s Rachana - RVNL, a joint venture (JV) between Rail Vikas Nigam (RVNL) and Rachana Construction Co., Mehsana, has received Letter of Acceptance (LoA) from National Highway Division, Ahmedabad for ‘Up gradation to Six lane with Paved Shoulder of Sarkhej-Changodar Section of NH-8A (New NH-47) from Km. 11/950 to Km. 16/000 for Ahmedabad- Bagodara-Rajkot Road on EPC mode in the State of Gujarat (Package-7). The project cost is Rs 252.21 crore. Rachana Construction Co., Mehsana Share is 60% and RVNL Share is 40%.
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.
