Vishnu Prakash R Punglia Ltd awarded Contract by MRVCL for Chikhloli Suburban Railway Station Project

Vishnu Prakash R Punglia Limited, a renowned name in the infrastructure development sector, proudly announces its latest achievement - the receipt of a Letter of Acceptance from the Office of Mumbai Railway Vikas Corporation Limited (MRVCL), a PSU under the Government of India's Ministry of Railways. The Letter of Acceptance pertains to the prestigious project titled "Construction of new Suburban Railway Station along with other allied works at Chikhloli in connection with the proposed 3rd & 4th line between Kalyan-Badlapur stations of Mumbai Division Central Railway."

Following the submission of the tender on December 27, 2023, Vishnu Prakash R Punglia Limited has been selected as the chosen contractor for this significant endeavor. The tender, evaluated and accepted by the competent authority, having a total value of Rs. 739.28 million + applicable GST.

This Letter of Acceptance underscores our capabilities and reinforces our dedication to contributing towards our diversified segment, the enhancement of India's railway infrastructure. We look forward to collaborating closely with MRVCL and stakeholders to ensure the successful completion of the Chikhloli Suburban Railway Station Project."

Shares of Vishnu Prakash R Punglia Limited was last trading in BSE at Rs. 185.25 as compared to the previous close of Rs. 182.80. The total number of shares traded during the day was 79680 in over 1837 trades.

The stock hit an intraday high of Rs. 187.90 and intraday low of 180.35. The net turnover during the day was Rs. 14708972.00.

Source : Equity Bulls

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