RVNL soars after its JV emerges as lowest bidder from Southern Railway
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Rail Vikas Nigam is currently trading at Rs. 281.70, up by 4.40 points or 1.59% from its previous closing of Rs. 277.30 on the BSE.
The scrip opened at Rs. 280.80 and has touched a high and low of Rs. 286.00 and Rs. 278.95 respectively. So far 1134656 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 345.60 on 23-Jan-2024 and a 52 week low of Rs. 88.50 on 25-Apr-2023.
Last one week high and low of the scrip stood at Rs. 286.00 and Rs. 251.80 respectively. The current market cap of the company is Rs. 59245.85 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’s (RVNL) joint venture (JV) -- KRDCL- RVNL JV has emerged as the Lowest Bidder (L1) from Southern Railway for Redevelopment of Thiruvananthapuram Central Railway Station on Engineering, Procurement and Construction (EPC) mode. The project cost is Rs 438.95 crore (Incl GST). The said order is expected to be executed within 42 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.
