Rail Vikas Nigam surges on getting LoA worth Rs 322.08 crore
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Rail Vikas Nigam is currently trading at Rs. 150.20, up by 11.95 points or 8.64% from its previous closing of Rs. 138.25 on the BSE.
The scrip opened at Rs. 141.95 and has touched a high and low of Rs. 154.50 and Rs. 141.95 respectively. So far 2578053 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.50 on 4-Jul-2023 and a 52 week low of Rs. 32.60 on 07-Sep-2022.
Last one week high and low of the scrip stood at Rs. 154.50 and Rs. 123.70 respectively. The current market cap of the company is Rs. 28825.40 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 received Letter of Acceptance (LoA) from Madhya Gujarat Vij Company (MGVCL) for Full Turnkey Contract (Design, Supply and Installation) for Development of Distribution Infrastructure work for Loss reduction at Dist. Vadodara under Revamped Reforms- Based and Results-linked Distribution Sector Scheme. The project cost is Rs 322.08 crore. The order is to be executed within 31 months.
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.
