Rail Vikas Nigam zooms as its JV emerges as lowest bidder for 200 Vande Bharat Trains
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Rail Vikas Nigam is currently trading at Rs. 65.65, up by 7.13 points or 12.18% from its previous closing of Rs. 58.52 on the BSE.
The scrip opened at Rs. 61.90 and has touched a high and low of Rs. 67.50 and Rs. 61.90 respectively. So far 6940860 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. 67.50 and Rs. 56.15 respectively. The current market cap of the company is Rs. 13706.92 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 8.90% and 12.91% respectively.
Rail Vikas Nigam (RVNL) has been emerged as the Lowest Bidder (L1) for ‘Manufacturing cum Maintenance of Vande Bharat Trainsets including Up-gradation of the Government Manufacturing Units & Trainset Depots’ in JV with Joint Stock Company Metrowagonmash (70 per cent), Joint Stock Company Locomotive Electronic System (5 per cent) and RVNL (25 per cent).
As per financial opening dated March 01, 2023, the JSC Metrowagonmash-Mytischi-RVNL (JV) has been declared L-1. The total quantity is 200 Trainsets and cost per set is Rs 120 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.
