Rail Vikas Nigam moves up on receiving LoA from Southern Railway
Rail Vikas Nigam is currently trading at Rs. 314.50, up by 2.80 points or 0.90% from its previous closing of Rs. 311.70 on the BSE.
The scrip opened at Rs. 312.40 and has touched a high and low of Rs. 315.05 and Rs. 312.20 respectively. So far 69901 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. 327.75 and Rs. 311.10 respectively. The current market cap of the company is Rs. 65490.48 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 Southern Railway for Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations (Scott-Connected) inclusive of Power Quality Compensating Equipment with Associated Switching Posts (SP/SSP) for 2x25 KV at Feeding System and SCADA & Automatic Fault Locator (AFL) in Jolarpettai Jn. Salem Jn. (JTJ-SA) Section of Salem Division of Southern Railway in connection with mission 3000MT loading target. Cost of work is Rs 145.34 crore. The order is to be executed within 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.
