Rail Vikas Nigam surges on emerging as lowest bidder for project worth Rs 251.05 crore
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Rail Vikas Nigam is currently trading at Rs. 227.45, up by 6.75 points or 3.06% from its previous closing of Rs. 220.70 on the BSE.
The scrip opened at Rs. 225.15 and has touched a high and low of Rs. 231.80 and Rs. 225.15 respectively. So far 731108 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 231.80 on 16-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. 231.80 and Rs. 182.95 respectively. The current market cap of the company is Rs. 46016.39 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 8.15% and 19.02% respectively.
Rail Vikas Nigam has emerged as Lowest Bidder (L1) for ‘Supply, Installation, testing and commissioning of 11 KV Line associated works such as 11 KV Line Bifurcation, 11 KV line Interconnection, 11 KV Line conductor Augmentation, LT AB cabling augmentation and conversion of LT Bare conductor to AB cabling under Revamped Reforms-based and Results-linked, Distribution sector (Package-11) in Jabalpur (City), Jabalpur (O&M), Katni, Mandla, Dindori, Seoni, Chhindwara, Narsinghpur, Balaghat, Shahdol, Anuppur and Umariya Circles of MPPKVVCL, Jabalpur Company area .’ The project cost is Rs 251.05 crore. The order is 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.
