Rail Vikas Nigam surges on getting LoA worth Rs 311.17 crore
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Rail Vikas Nigam is currently trading at Rs. 160.45, up by 3.55 points or 2.26% from its previous closing of Rs. 156.90 on the BSE.
The scrip opened at Rs. 161.05 and has touched a high and low of Rs. 162.90 and Rs. 159.60 respectively. So far 1233692 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.35 on 12-Sep-2023 and a 52 week low of Rs. 49.85 on 14-Nov-2022.
Last one week high and low of the scrip stood at Rs. 164.35 and Rs. 154.50 respectively. The current market cap of the company is Rs. 33475.00 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 (RVNL) has received Letter of Acceptance (LoA) for Construction of 4 Nos. Tunnels (total Length 1.6km) with ballast less track, Earthwork in formation, Construction of Important Bridges (2nos), Major Bridges (1no), Minor Bridges (25nos), Supply of Stone ballast, Track linking, side drain retaining wall etc. from Km 831.8 to Km 841.9 in Dharakoh Maramjhiri section in connection with third line. The project cost is Rs 311.17 crore. The order is to be executed within 18 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.
