Rail Vikas Nigam soars on receiving Letter of Award from NTPC
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Rail Vikas Nigam is currently trading at Rs. 377.00, up by 8.20 points or 2.22% from its previous closing of Rs. 368.80 on the BSE.
The scrip opened at Rs. 375.35 and has touched a high and low of Rs. 382.00 and Rs. 370.30 respectively. So far 380943 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 424.95 on 03-Jun-2024 and a 52 week low of Rs. 116.15 on 20-Jun-2023.
Last one week high and low of the scrip stood at Rs. 424.95 and Rs. 312.00 respectively. The current market cap of the company is Rs. 76895.54 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 8.50% and 18.66% respectively.
Rail Vikas Nigam has received Letter of Award from National Thermal Power Corporation (NTPC) for Project Execution Agency (PEA) contract for execution of Balance Civil & HM works of Barrage Complex including part HRT package of Rammam Hydro Electric Project Stage-III (3x40 MW). The project cost is Rs 495.14 crore (excluding GST). The said project is expected to be completed in 66 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.
