Rail Vikas Nigam shines on securing Rs 408 crore order from NHAI
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Rail Vikas Nigam is currently trading at Rs. 33.50, up by 0.55 points or 1.67% from its previous closing of Rs. 32.95 on the BSE.
The scrip opened at Rs. 33.05 and has touched a high and low of Rs. 33.55 and Rs. 33.00 respectively. So far 60430 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 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 34.95 and Rs. 32.80 respectively. The current market cap of the company is Rs. 6870.14 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) has secured an order from National Highways Authority of India (NHAI). The order is for Construction of 4 lane highway from Samarlakota to Achampeta Junction (for 12.25 km) as a part of Kakinada port to NH - 16 connectivity in the State of Andhra Pradesh under Bharatmala Pariyojana on EPC mode. The project cost is Rs 408 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.
