Stock Report

Rail Vikas Nigam Ltd consortium emerges L1 for two projects

Posted On : 2023-01-17 22:24:47( TIMEZONE : IST )

Rail Vikas Nigam Limited (RVNL) has emerged as the Lowest Bidder (L1) for the following work -

1. Supply, Erection, Testing and Commissioning of Power Supply Receiving & Distribution System, 750 V DC Third Rail Traction Electrification and Scada System for Surat Metro Rail Project Phase-I. (Cost Rs. 673.8 Crores)

2. Supply, Erection, Testing and Commissioning of Power Supply Receiving & Distribution System, 750 V DC Third Rail Traction Electrification and Scada System for Ahmedabad Metro Rail Project Phase-II. (Cost Rs. 384.3 Crores.)

In above referred tenders, RVNL had participated in consortium with M/s SIEMENS India Limited. M/s Siemens is the lead partner with 65% share and RVNL is having 35% share.

Letter of Award is yet to be issued by Gujarat Metro Rail Corporation Limited.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 74.45 as compared to the previous close of Rs. 76.85. The total number of shares traded during the day was 1454865 in over 10470 trades.

The stock hit an intraday high of Rs. 77.50 and intraday low of 73.50. The net turnover during the day was Rs. 108978492.00.