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Rail Vikas Nigam surges on emerging as Lowest Bidder from Maharashtra Metro Rail Corporation
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Rail Vikas Nigam is currently trading at Rs. 392.30, up by 21.95 points or 5.93% from its previous closing of Rs. 370.35 on the BSE.
The scrip opened at Rs. 377.75 and has touched a high and low of Rs. 398.35 and Rs. 375.80 respectively. So far 447547 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.35 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. 398.35 and Rs. 302.00 respectively. The current market cap of the company is Rs. 77218.72 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 emerged as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation (Nagpur Metro) for Construction of 6 Nos Elevated Metro Stations (Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station) between Ch. – 7576.78mm to Ch - 13457.76m in Reach 2B of NMRP Phase 2. The project cost is Rs 187.34 crore.
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.
