Rail Vikas Nigam Ltd's JV receives LOA for Indore Metro Rail Project

Rail Vikas Nigam Limited (RVNL) - URC JV has received Letter of Acceptance (LoA) from Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) for "Part Design and Construction of Elevated Viaduct, Five (5) Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for Indore Metro Rail Project."

The order value is Rs. 543,00,00,000.00 (Rupees Five Hundred Forty-Three Crore Only) excl. GST where RVNL's share is 51% and URC's share is 49%.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 238.00 as compared to the previous close of Rs. 237.50. The total number of shares traded during the day was 327765 in over 5107 trades.

The stock hit an intraday high of Rs. 241.95 and intraday low of 236.50. The net turnover during the day was Rs. 78298165.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL JV URC OrderWin IndoreMetroRailProject