Rail Vikas Nigam gains on emerging as lowest bidder for West Central Railway project
Rail Vikas Nigam is currently trading at Rs. 335.90, up by 2.50 points or 0.75% from its previous closing of Rs. 333.40 on the BSE.
The scrip opened at Rs. 338.45 and has touched a high and low of Rs. 338.45 and Rs. 332.00 respectively. So far 307459 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 568.00 on 11-Sep-2024 and a 52 week low of Rs. 295.25 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 339.50 and Rs. 325.00 respectively. The current market cap of the company is Rs. 70119.23 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.28% and 15.88% respectively.
Rail Vikas Nigam (RVNL) has emerged as the lowest bidder (L1) from West Central Railway for ‘Design/ Modification, Supply, Erection, Testing and commissioning of 220/132kV/2X25 kV Scott connected Traction Sub Station and switching posts with AT including SCADA work between BINA to RTA section of Bhopal Division of WC Railway to meet 3000MT loading target. The cost of work is Rs 169.48 crore. The said order is to be executed in 540 days.
Rail Vikas Nigam functions as an extended arm of the Ministry of Railways. The company 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.
