Rail Vikas Nigam surges on emerging as lowest bidder for multiple Maharashtra Metro rail projects
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Rail Vikas Nigam is currently trading at Rs. 130.60, up by 2.05 points or 1.59% from its previous closing of Rs. 128.55 on the BSE.
The scrip opened at Rs. 130.60 and has touched a high and low of Rs. 132.80 and Rs. 130.50 respectively. So far 1582291 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 146.65 on 24-Jul-2023 and a 52 week low of Rs. 32.60 on 02-Sep-2022.
Last one week high and low of the scrip stood at Rs. 132.80 and Rs. 122.90 respectively. The current market cap of the company is Rs. 27261.64 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 7.51% and 14.29% respectively.
Rail Vikas Nigam (RVNL) has been emerged as the Lowest Bidder (L1) for multiple Maharashtra Metro rail Corporation’s projects worth Rs 256 crore. The company has been emerged as (L1) for the project of Six Elevated Metro Station viz. Pili Nadi to Lekha Nagar in Reach-2A, One Elevated and One At-Grade station viz. Ecopark and Metro City in Reach-IA respectively, At-Grade Section Formation earthwork, boundary wall and retaining wall between Ch. 19550 to Ch. 20421.016 & Ch. 20498.516 to Ch. 21296.917, Elevated Metro track supporting structure for Eco Park Metro station between Ch. 20421.016 to Ch. 20498.516 and for Multi-Storied Building at Tulsi School Land (at Sitabuldi) of NMRP Phase-2.
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.
