RVNL-MPCC JV emerges L1 for order worth Rs. 245.71 crores

M/s RVNL-MPCC (JV) emerges as the Lowest Bidder (L1) for "All civil engineering works (Earthwork, Blanketing, Retaining Wall /Boundary Wall/ Side Drain, Major Bridges, Minor Bridges and LHS/RUB, LCs, Construction of Station Buildings, Platform, Subways cover over Platforms, Staff Quarters, Passenger Amenities, Circulating Area, approach roads, Offices, Service Buildings, watering, Sanitation, protection works etc. and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Nadiad- Petlad (37.26 kms) of Vadodara Division of Western Railway."

The RVNL Share is 74% and MPCC Share is 26%.

The project cost is Rs. 245,71,80,973.69/-.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 169.65 as compared to the previous close of Rs. 189.50. The total number of shares traded during the day was 18301964 in over 140140 trades.

The stock hit an intraday high of Rs. 199.35 and intraday low of 161.05. The net turnover during the day was Rs. 3271765533.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL MPCC JV OrderWin LowestBidder