Rail Vikas Nigam soars on getting LoA worth Rs 121 crore
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Rail Vikas Nigam is currently trading at Rs. 107.93, up by 4.76 points or 4.61% from its previous closing of Rs. 103.17 on the BSE.
The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 110.95 and Rs. 103.75 respectively. So far 2368367 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.62 on 26-Apr-2023 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. 114.62 and Rs. 76.75 respectively. The current market cap of the company is Rs. 21511.15 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 Letter of Acceptance (LoA) for Provision of E1 based Automatic Signaling with continuous track circuiting and other associated works including suitable Indoor alteration in Electronic Interlocking/RRI/PI stations enroute in Jhansi (incl)-Gwalior (Incl.) section of Jhansi Division of North Central Railway. The cost of project is Rs 121.05 crore. The said order is to be executed in 545 Days.
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.
