Rail Vikas Nigam rises on emerging as lowest bidder for EPC tender
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Rail Vikas Nigam is currently trading at Rs. 260.25, up by 0.60 points or 0.23% from its previous closing of Rs. 259.65 on the BSE.
The scrip opened at Rs. 254.25 and has touched a high and low of Rs. 262.30 and Rs. 251.80 respectively. So far 584199 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 345.60 on 23-Jan-2024 and a 52 week low of Rs. 74.15 on 19-Apr-2023.
Last one week high and low of the scrip stood at Rs. 262.30 and Rs. 220.00 respectively. The current market cap of the company is Rs. 53845.64 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 8.67% and 18.49% respectively.
Rail Vikas Nigam (RVNL) has emerged as the Lowest Bidder (L1) from South Central Railway for Engineering, Procurement and Construction (EPC) tender for proposed Doubling of Track between Ankai station (Excluding) at KM 16.00 (Ch: 16000) & Karanjgaon stations (Excluding) at Km 69.01 (Ch:69010) (i.e. 53.01 Km) including Electrification and Signaling works in connection with Aurangabad-Ankai Doubling Project in Nanded Division of South Central Railway. The project cost is Rs 440 crore. The said order is expected to be completed in 30 months.
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.
