Rail Vikas Nigam zooms on getting LOA for Bhopal project

Rail Vikas Nigam is currently trading at Rs. 65.70, up by 0.80 points or 1.23% from its previous closing of Rs. 64.90 on the BSE.

Rail Vikas Nigam
Rail Vikas Nigam

The scrip opened at Rs. 66.75 and has touched a high and low of Rs. 67.45 and Rs. 65.35 respectively. So far 271061 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 84.15 on 29-Nov-2022 and a 52 week low of Rs. 29.00 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 70.00 and Rs. 61.45 respectively. The current market cap of the company is Rs. 13531.78 crore.

The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 8.90% and 12.91% respectively.

Rail Vikas Nigam has received Letter of Award (LOA) for Supply, Installation, Testing and Commissioning of New 11 KV line for Bifurcation & Interconnection, Additional 11 KV Bay at 33/11 KV Sub-station, Augmentation of conductor of 11 KV Lines, Additional Distribution Transformer Substations with associate New 11 KV Lines, LT Line on AB cable, Conversion of bare LT line with AB Cable, Augmentation of LT AB Cable, 11 KV Line Crossing Agriculture & Non Agriculture Feeder and other associated work & Supporting works such as DPs, TPs, Crossing etc. Package VJ-B (Lot-I Bhopal City & Sehore Circle) in Bhopal Region of MPMKVVCL, Bhopal under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme (RDSS). The project cost is Rs 196.76 crore (including GST).

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.

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