Rail Vikas Nigam shines on getting LoA worth Rs 180 crore
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. 478.95, up by 9.35 points or 1.99% from its previous closing of Rs. 469.60 on the BSE.
The scrip opened at Rs. 476.95 and has touched a high and low of Rs. 486.90 and Rs. 473.50 respectively. So far 239430 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. 154.50 on 10-Nov-2023.
Last one week high and low of the scrip stood at Rs. 486.90 and Rs. 441.50 respectively. The current market cap of the company is Rs. 99736.94 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 Central Railway for ‘Design, Supply, Erection, Testing and Commissioning of 2x25KV feeder line along the track with 25KV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road -Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM).’ The cost of work is Rs 180 crore. The said order is be executed in 18 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.
