Rail Vikas Nigam zooms on receiving LoA worth Rs 137.55 crore

Rail Vikas Nigam is currently trading at Rs. 45.70, up by 3.10 points or 7.28% from its previous closing of Rs. 42.60 on the BSE.

Rail Vikas Nigam
Rail Vikas Nigam

The scrip opened at Rs. 43.30 and has touched a high and low of Rs. 46.50 and Rs. 43.30 respectively. So far 4127598 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 46.50 on 04-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. 46.50 and Rs. 39.30 respectively. The current market cap of the company is Rs. 9580.67 crore.

The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 9.19% and 12.61% respectively.

Rail Vikas Nigam (RVNL) has received Letter of Acceptance (LoA) from Central Organisation for Railway Electrification (CORE) for Design, Supply, Erection, Testing and Commissioning for OHE Modification Work in the existing 25 kV OHE for increasing speed potential to 160 KMPH in Pradhankhanta – Bandhua Section of Dhanbad Division under East Central Railway, Total 202 RKM/ 425 TKM. Total Awarded Cost is Rs 137.55 crore.

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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