Rail Vikas Nigam gains on securing LoA worth Rs 201.23 crore
Rail Vikas Nigam is currently trading at Rs 343.55, up by 1.00 points or 0. 29% from its previous closing of Rs 342.55 on the BSE.
The scrip opened at Rs 343.10 and has touched a high and low of Rs 350.45 and Rs 338.05 respectively. So far 506673 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 501.55 on 01-Feb-2025 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 373.00 and Rs 338.05 respectively. The current market cap of the company is Rs 71193.01 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.07% and 16.09% respectively.
Rail Vikas Nigam (RVNL) has received Letter of Acceptance (LoA) from East Coast Railway for setting up of Wagon POH Workshop of 200 Nos. capacity at Kantabanji. The project cost excluding GST is Rs 201.23 crore. The said order is to be executed in 18 months.
Rail Vikas Nigam (RVNL) 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.
