Salasar Techno Engineering Ltd and RVNL JV emerge L1 for project worth $7.15 Mn

The JV of SALASAR Techno Engineering Ltd and RVNL emerges as the Lowest Bidder (L1) from Energy Development Corporation Limited (EDCL) for "Plant Design, Supply and Installation of 45.8 km, ll0Kv Double Circuit Rukarara-Huye-Gisagara Transmission Lines."

The cost of work is USD 7,152,236.59/- (USD Seven Million order(s )/contract( s); One Hundred Fifty-Two Thousand Two hundred thirty-six US dollars and Fifty-Nine cents) excluding taxes (CIP Price).

The JV ratio between SALASAR Techno Engineering Ltd and RVNL is Salasar - 51% and RVNL - 49%.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 252.95 as compared to the previous close of Rs. 255.90. The total number of shares traded during the day was 507852 in over 6098 trades.

The stock hit an intraday high of Rs. 259.00 and intraday low of 252.00. The net turnover during the day was Rs. 129155738.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL JV SalasarTechnoEngineering L1