Rail Vikas Nigam shines on getting LoA from South Central Railway
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Rail Vikas Nigam is currently trading at Rs. 445.05, up by 11.00 points or 2.53% from its previous closing of Rs. 434.05 on the BSE.
The scrip opened at Rs. 435.95 and has touched a high and low of Rs. 446.40 and Rs. 431.15 respectively. So far 195114 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. 162.10 on 30-Nov-2023.
Last one week high and low of the scrip stood at Rs. 462.75 and Rs. 415.45 respectively. The current market cap of the company is Rs. 92355.97 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 (RVNL) has received Letter of Acceptance (LoA) from South Central Railway for Engineering, Procurement and Construction (EPC) contract Agreement for Doubling of Track between Parbhani to Parli stations (58.06Kms) (excluding Gangakhed yard from km 292.075 to km 298.85 = 6.775 Km) including Electrification & Signaling works in connection with Parbhani-Parli doubling project of South Central Railway in the state of Maharashtra. The project cost is Rs 625.08 crore. The order is to be executed within 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.
