Rail Vikas Nigam soars on receiving LoA from South East Central Railway
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Rail Vikas Nigam is currently trading at Rs. 382.30, up by 6.80 points or 1.81% from its previous closing of Rs. 375.50 on the BSE.
The scrip opened at Rs. 378.95 and has touched a high and low of Rs. 384.25 and Rs. 373.45 respectively. So far 836445 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 399.70 on 27-May-2024 and a 52 week low of Rs. 110.50 on 31-May-2023.
Last one week high and low of the scrip stood at Rs. 399.70 and Rs. 362.75 respectively. The current market cap of the company is Rs. 79553.94 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 (RVNL) has received Letter of Acceptance (LoA) from South East Central Railway for ‘Provision of Auto Signalling with Electronic Interlocking (OFC Based) between Champa-Saragaon-Baraduar-Sakti section with alteration in existing Electronic Interlocking & Supply, Installation, Testing, Commissioning of new Electronic Interlocking, MSDAC & IPS etc., execution of all indoor & outdoor works & construction and Electrification of the huts etc. in Champa-Sakti Section of Bilaspur Division of S.E.C. Railway'. Project cost including GST is Rs 38.10 crore. The said order is expected to be executed in 15 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.
