Rail Vikas Nigam gains on emerging as lowest bidder for Rs 28.73 crore project
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Rail Vikas Nigam is currently trading at Rs. 165.85, up by 0.70 points or 0.42% from its previous closing of Rs. 165.15 on the BSE.
The scrip opened at Rs. 166.60 and has touched a high and low of Rs. 167.65 and Rs. 165.10 respectively. So far 161165 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.35 on 12-Sep-2023 and a 52 week low of Rs. 35.60 on 20-Oct-2022.
Last one week high and low of the scrip stood at Rs. 172.75 and Rs. 160.15 respectively. The current market cap of the company is Rs. 34569.63 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 been emerged as Lowest Bidder (L1) in a tender floated by the Northeast Frontier Railway /Con for ‘TRC: Sukhovi-Pherima: Supply, Installation, Testing & Commissioning of Integrated Tunnel Communication system in the Sukhovi-Pherima new single line section of Lumding Division’. The project cost is Rs 28.73 crore. The order is expected to be executed in 365 days.
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.
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