Rail Vikas Nigam Ltd emerges L1 for Vende Bharat Trainsets in JV

Rail Vikas Nigam Limited (RVNL) emerges as the Lowest Bidder (L1) for "Manufacturing cum Maintenance of Vande Bharat Trainsets including Up-gradation of the Government Manufacturing Units & Trainset Depots" in JV with following JV Partners:

1. M/s. Joint Stock Company Metrowagonmash-70%
2. M/s. Joint Stock Company Locomotive Electronic System-5%
3. Rail Vikas Nigam Limited-25%

As per financial opening dated 01.03.2023, the M/s. JSC Metrowagonmash-Mytischi-RVNL (JV) has been declared L-1. The total quantity is 200 Trainsets and cost per set is Rs. 120 Crores.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 58.52 as compared to the previous close of Rs. 57.50. The total number of shares traded during the day was 1753124 in over 9936 trades.

The stock hit an intraday high of Rs. 59.35 and intraday low of 56.15. The net turnover during the day was Rs. 101834745.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL JVPartners VandheBharatTrainsets Manufacturing Maintenance