Rail Vikas Nigam surges on getting LoA worth Rs 186.76 crore
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Rail Vikas Nigam is currently trading at Rs. 444.20, up by 6.60 points or 1.51% from its previous closing of Rs. 437.60 on the BSE.
The scrip opened at Rs. 443.75 and has touched a high and low of Rs. 451.85 and Rs. 442.00 respectively. So far 131602 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. 165.55 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 451.85 and Rs. 434.20 respectively. The current market cap of the company is Rs. 92574.89 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 received Letter of Acceptance (LoA) from East Central Railway for ‘Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations with associated Switching Posts for upgradation work of electric traction system from 1X25 to 2 X 25 KV AT feeding system in Gomoh - Patratu Section of Dhanbad Division of East Central Railway.’ The project cost is Rs 186.76 crore. The order is to be executed within 540 days.
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.
