Rail Vikas Nigam shines on emerging as L1 for bridge construction contract from East Coast Railway
Rail Vikas Nigam is currently trading at Rs. 302.55, up by 8.90 points or 3.03% from its previous closing of Rs. 293.65 on the BSE.
The scrip opened at Rs. 301.45 and has touched a high and low of Rs. 307.45 and Rs. 299.05 respectively. So far 608504 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.00 on 20-May-2025 and a 52 week low of Rs. 248.25 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 307.45 and Rs. 261.05 respectively. The current market cap of the company is Rs. 63259.51 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.37% and 15.79% respectively.
Rail Vikas Nigam has emerged as the Lowest Bidder (L1) from East Coast Railway for ‘3rd and 4th line between Nergundi-Barang (22Km) and Khurda Road-Vizianagaram (363Km) on Bhadrak - Vizianagaram section (385Km): Construction of important Bridge nos. 539 (16x30.5m Open Web Steel Girder over river Birupa at ch.402521m), 544 (32x65.84m Open Web Steel Girder over river Mahanadi at ch.406305m), 553 (18x45.70m Open Web Steel Girder over river Kathjori at ch.411589m), 557 (20x45.70m Open Web Steel Girder over river Kuakhai at ch.414607m) on EPC mode’. The cost of the project is Rs 967.92 crore (including 18% GST) and is to be executed within 3 years.
