Rail Vikas Nigam shines on getting LoA for Odisha road upgradation project
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Rail Vikas Nigam is currently trading at Rs. 120.35, up by 1.70 points or 1.43% from its previous closing of Rs. 118.65 on the BSE.
The scrip opened at Rs. 120.80 and has touched a high and low of Rs. 121.80 and Rs. 120.30 respectively. So far 213798 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. 125.15 and Rs. 117.35 respectively. The current market cap of the company is Rs. 24738.76 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 has received LOA for ‘Rehabilitation and Upgradation 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 project cost is Rs 808.48 crore. The company has received order from National Highways Authority of India (NHAI).
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.
