Rail Vikas Nigam soars on emerging as L1 for project worth Rs 294.94 crore
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Rail Vikas Nigam is currently trading at Rs. 444.25, up by 7.70 points or 1.76% from its previous closing of Rs. 436.55 on the BSE.
The scrip opened at Rs. 444.95 and has touched a high and low of Rs. 450.40 and Rs. 442.30 respectively. So far 128605 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. 156.70 on 13-Nov-2023.
Last one week high and low of the scrip stood at Rs. 486.90 and Rs. 429.00 respectively. The current market cap of the company is Rs. 91021.55 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 emerged as the Lowest Bidder (L1) from South Central Railway for ‘Engineering Procurement Construction (EPC) Contract of Doubling of Track between Navipet station (Excl) From Km 446.900 to Indalvai Station (Incl) Km 482.900 (33.70 km), Excluding Nizamabad Yard from Km 458.825 to 461.125 (i.e.) 2.3 Km} including Electrification & Signaling works in of South-Central Railway in connection with Mudkhed-Medchal Doubling Project in the State of Telangana.’ The project cost is Rs 294.94 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.
