Rail Vikas Nigam zooms on getting LoA for construction of single Line BG Tunnel
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Rail Vikas Nigam is currently trading at Rs. 33.45, up by 1.05 points or 3.24% from its previous closing of Rs. 32.40 on the BSE.
The scrip opened at Rs. 33.30 and has touched a high and low of Rs. 34.00 and Rs. 33.30 respectively. So far 357658 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.75 on 25-Oct-2021 and a 52 week low of Rs. 27.50 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 34.00 and Rs. 30.45 respectively. The current market cap of the company is Rs. 6984.82 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 9.17% and 12.63% respectively.
Rail Vikas Nigam (RVNL) in JV named RVNL - Bhartia JV has been awarded Letter of Acceptance (LoA) regarding Construction of Single Line BG Tunnel No. 06 (approximate total length 4930m), including Escape Tunnel, Cut and Cover, Earthwork in Bank & Cutting to make formation, Security Barrack and other protection and ancillary woks in connection with DMV-Kohima New BG Line Project by Northeast Frontier Railway. The total estimated cost of the project is Rs 560.26 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.
