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RVNL rises as its JV emerges as L1 for Indore Metro Rail Project
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Rail Vikas Nigam is currently trading at Rs. 181.45, up by 3.20 points or 1.80% from its previous closing of Rs. 178.25 on the BSE.
The scrip opened at Rs. 183.50 and has touched a high and low of Rs. 185.60 and Rs. 180.90 respectively. So far 863058 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. 56.15 on 01-Mar-2023.
Last one week high and low of the scrip stood at Rs. 185.60 and Rs. 167.70 respectively. The current market cap of the company is Rs. 37863.97 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’s (RVNL's) joint venture (JV)- RVNL-URC has emerged as the Lowest Bidder (L1) for Part Design and Construction of Elevated Viaduct, Five Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for Indore Metro Rail Project. Size of the contract is Rs 543 crore excluding GST. RVNL has a 51% stake in JV, while the rest is held by URC.
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.
