Rail Vikas Nigam surges on getting LoA from Chennai Metro Railway
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Rail Vikas Nigam is currently trading at Rs. 71.65, up by 1.30 points or 1.85% from its previous closing of Rs. 70.35 on the BSE.
The scrip opened at Rs. 70.70 and has touched a high and low of Rs. 72.70 and Rs. 70.30 respectively. So far 580781 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.15 on 29-Nov-2022 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. 74.60 and Rs. 70.00 respectively. The current market cap of the company is Rs. 14907.89 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 9.19% and 12.61% respectively.
Rail Vikas Nigam (RVNL) has received Letter of Acceptance (LoA) from Chennai Metro Rail for Construction of elevated viaduct (Around length of 10 Km), 9 elevated metro stations at Sholinganallur Lake-I, Sri Ponniamman Temple (Sholinganallur Lake-II), Sathyabama University (Semmeancheri-I), Semmeancheri-II, Gandhi Nagar, Navallur, Siruseri, Siruseri SIPCOT-1 and Siruseri SIPCOT-2 and stabling viaduct at SIPCOT. The accepted contract amount is Rs 1134.11 crore (including GST and provisional sum).
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.
