Rail Vikas Nigam surges on emerging as lowest bidder from Maharashtra Metro Rail Corporation
Rail Vikas Nigam is currently trading at Rs. 494.50, up by 15.00 points or 3.13% from its previous closing of Rs. 479.50 on the BSE.
The scrip opened at Rs. 489.10 and has touched a high and low of Rs. 514.40 and Rs. 489.10 respectively. So far 615882 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. 142.10 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 514.40 and Rs. 466.85 respectively. The current market cap of the company is Rs. 103959.10 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 lowest bidder (L1) from Maharashtra Metro Rail Corporation for construction of: (A) elevated metro stations seven nos. in reach 3A, namely -- (1) Hingna Mount View, (2) Rajiv Nagar, (3) Wanadongri, (4) Apmc, (5) Raipur, (6) Hingna Bus Station, (7) Hingna; (B) Elevated Metro Stations Three nos. in reach 4A, namely -- (1) Pardi (2) Kapsi Khurd (3) Transport Nagar of NMRP phase-2.
The project cost is Rs 270 crore. The said order is to be executed in 30 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.