Rail Vikas Nigam shines on inking pact with NHLML, IWAI for swift development of MMLP
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Rail Vikas Nigam is currently trading at Rs. 31.55, up by 0.80 points or 2.60% from its previous closing of Rs. 30.75 on the BSE.
The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 32.10 and Rs. 30.80 respectively. So far 662739 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. 27.65 on 25-Aug-2021.
Last one week high and low of the scrip stood at Rs. 32.10 and Rs. 30.55 respectively. The current market cap of the company is Rs. 6609.51 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 (RVNL), the National Highways Logistics Management (NHLML) and Inland Waterways Authority of India (IWAI) have inked a tripartite agreement for swift development of the modern Multi Modal Logistics Park (MMLP) under Bharatmala Pariyojna.
MMLPs will act as world-class stations having access to roadways, railways and inland waterways across the country so as to ensure the transportation of goods using multiple modes such as roadways, waterways and railway.
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.
