Rail Vikas Nigam surges on emerging as lowest bidder for project worth Rs 106.37 crore
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Rail Vikas Nigam is currently trading at Rs. 240.30, up by 10.50 points or 4.57% from its previous closing of Rs. 229.80 on the BSE.
The scrip opened at Rs. 228.00 and has touched a high and low of Rs. 242.85 and Rs. 223.30 respectively. So far 1195992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 345.60 on 23-Jan-2024 and a 52 week low of Rs. 56.15 on 01-Mar-2023.
Last one week high and low of the scrip stood at Rs. 291.25 and Rs. 223.30 respectively. The current market cap of the company is Rs. 47913.76 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 8.67% and 18.49% respectively.
Rail Vikas Nigam has been emerged as the Lowest Bidder (L1) from Madhya Pradesh Paschim Kshetra Vidyut Vitran Company for ‘Supply, Installation, Testing and Commissioning of New 11 KV line for Bifurcation & Interconnection, Additional 11 KV Bay at 33 / 11 KV Substation, Augmentation of conductor of 33 KV & 11 KV Lines, Additional Distribution Transformer Substations with associate New 11 KV Lines, LT Line on AB cable, Conversion of bare LT line with AB Cable, Augmentation of LT AB Cable, Cover conductor for 11 KV Line Crossing Agriculture & Non Agriculture Feeder, 11 kv and 33 kv Bus Bar renovation other associated work and Supporting works such as DPs, TPs, Crossing etc. in Jhabua O&M Division (LOT-12) under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme'. The project cost is Rs 106.37 crore. The order is expected to be executed within 24 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.
