Rail Vikas Nigam gains on bagging LoA worth Rs 554.64 crore
Rail Vikas Nigam is currently trading at Rs. 364.65, up by 6.60 points or 1.84% from its previous closing of Rs. 358.05 on the BSE.
The scrip opened at Rs. 360.60 and has touched a high and low of Rs. 373.70 and Rs. 352.50 respectively. So far 1286395 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.00 on 15-Jul-2024 and a 52 week low of Rs. 220.00 on 15-Apr-2024.
Last one week high and low of the scrip stood at Rs. 373.70 and Rs. 325.25 respectively. The current market cap of the company is Rs. 75780.06 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.27% and 15.89% respectively.
Rail Vikas Nigam has received Letter of Acceptance (LoA) from National Highway Authority of India for construction of 6 lane access controlled connectivity to Visakhapatnam Port Road from Km 0.000 (Sabbavaram bypass of Anakapalli - Anandapuram corridor) to Km 12.660 (Sheelanagar junction) of NH 516C on hybrid annuity mode in the State of Andhra Pradesh under NH (O) on hybrid annuity mode. The project cost is Rs 554.64 crore (excluding GST). The order is to be executed within 730 days.
Rail Vikas Nigam functions as an extended arm of the Ministry of Railways.
