Rail Vikas Nigam soars after its JV receives LoA from Eastern Railway
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Rail Vikas Nigam is currently trading at Rs. 440.00, up by 19.60 points or 4.66% from its previous closing of Rs. 420.40 on the BSE.
The scrip opened at Rs. 451.00 and has touched a high and low of Rs. 462.75 and Rs. 434.25 respectively. So far 925997 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. 409.20 respectively. The current market cap of the company is Rs. 90969.43 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’s joint venture (JV) -- RVNL- SCPL (JV) has received Letter of Acceptance (LoA) from Eastern Railway for Earthwork in cutting and filling, blanketing, construction of minor bridges, major bridges, RUB, ROB, retaining wall, level crossing, side drain, catch water drain, P.way work and other ancillary works from IR Ch. 205.000 km to 260.2 Km between Kalipahari (inc.) to Pradhankhuta (exc.) in connection with construction of multi tracking Railway BG line. The project cost is Rs 837.67 crore. The said order is expected to be completed in 36 months.
Rail Vikas Nigam (RVNL) 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.
