Rail Vikas Nigam Ltd - Ganapathi Engineering Works JV wins order worth Rs. 81.22 crores

RVNL-GEW (JV) emerges as the Lowest Bidder (L1) from South Central Railway for "Comprehensive signalling and telecommunication works for provision of automatic block signalling system in Balharshah-Makudi section of Secunderabad Division in South Central Railway."

The cost of project is Rs. 81,22,28,896.04/- (M/s Ganapathi Engineers Works, Hubli Share is 51% and M/s Rail Vikas Nigam Limited Share is 49%).

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 118.75 as compared to the previous close of Rs. 120.70. The total number of shares traded during the day was 2375714 in over 23722 trades.

The stock hit an intraday high of Rs. 122.60 and intraday low of 116.65. The net turnover during the day was Rs. 283009050.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL GanapathiEngineersWorks JV OrderWin L1