Rail Vikas Nigam Ltd JV receives LOA for new project

M/s Rachana-RVNL JV has received LOA for "Up gradation to Six lane with Paved Shoulder of Sarkhej-Changodar Section of NH-8A (New NH-47) from Km. 11/950 to Km. 16/000 for Ahmedabad-Bagodara-Rajkot Road on EPC mode in the State of Gujarat (Package-7).

The project cost is Rs. 252,21,15,875.00/- (Rachana Construction Co., Mehsana Share is 60% and Rail Vikas Nigam Limited (RVNL) Share is 40%.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 64.66 as compared to the previous close of Rs. 65.61. The total number of shares traded during the day was 701139 in over 3831 trades.

The stock hit an intraday high of Rs. 65.40 and intraday low of 64.50. The net turnover during the day was Rs. 45464410.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL JV OrderWin LOA