Rail Vikas Nigam rises on securing LoA worth Rs 283.69 crore
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Rail Vikas Nigam is currently trading at Rs. 475.45, up by 9.80 points or 2.10% from its previous closing of Rs. 465.65 on the BSE.
The scrip opened at Rs. 468.45 and has touched a high and low of Rs. 476.85 and Rs. 461.65 respectively. So far 817220 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.00 on 15-Jul-2024 and a 52 week low of Rs. 152.45 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 479.15 and Rs. 408.60 respectively. The current market cap of the company is Rs. 97088.96 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.38% and 15.79% respectively.
Rail Vikas Nigam has received Letter of Acceptance (LoA) from East Coast Railway for ‘3rd & 4th line between Jarapada & Talcher Road and Construction of New line between Angul- Balram (MCRL Inner Corridor Phase-I Doubling 14 Kms), Execution of balance earthwork in formation, minor bridges, major bridges, P. way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd& 4th line of Jarapada-Budhapank Project and between Angul & Balram including yards of MCRL Inner Corridor Phase-I Doubling.’ The project cost is Rs 283.69 crore.
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.
