Rail Vikas Nigam Ltd receives LOA for order worth Rs. 95.95 crores

Rail Vikas Nigam Limited has received Letter of Acceptance (LOA) from NFR-CONST HQ-ELECTRICAL/N.F.RLY CONSTRUCTION for "Engineering, Procurement, Construction of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria - Thakurganj New line Section in connection with New Line Project of Araria - Galgalia of N.F. Railway, including associated Works and Supply, erection, modification, testing and commissioning of SCADA for the section. (106.958 RKM/ 119.27 TKM). (in EPC mode)."

The cost of work is Rs 95,95,44,544.95/- (Rs Ninety-Five Crore Ninety-Five Lakh Forty- Four Thousand Five Hundred Forty -Four rupees and Ninety-Five paisa) including applicable taxes.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 260.00 as compared to the previous close of Rs. 260.00. The total number of shares traded during the day was 592120 in over 6519 trades.

The stock hit an intraday high of Rs. 261.80 and intraday low of 256.50. The net turnover during the day was Rs. 153764926.00.

Source : Equity Bulls

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