KRDCL-RVNL JV receives LOA for order from Southern Railway

KRDCL-RVNL JV has received Letter of Acceptance from Southern Railway for "Provision of Automatic Signalling on Ernakulam JN (ERS) - Vallattol Nagar (VTK) Section on B-Route of Thiruvananthapuram Division in Southern Railway."

The order value is Rs. 156,47,03,304.52/- (Rupees- One Hundred Fifty-Six Crore, Forty-Seven Lakh Three Thousand Thee Hundred Four Rupees and Fifty-Two Paisa) - RVNL- 49%, KRDCL-51%.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 409.05 as compared to the previous close of Rs. 407.40. The total number of shares traded during the day was 1547310 in over 24625 trades.

The stock hit an intraday high of Rs. 413.80 and intraday low of 401.30. The net turnover during the day was Rs. 632283582.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL KRDCL JV LOA OrderWin