Rail Vikas Nigam Ltd receives LOA for order worth Rs. 132.59 crores

Rail Vikas Nigam Limited has received Letter of Acceptance from Central Railway for "OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Wardha-Ballarshah Section in Nagpur division of Central Railway to meet 3000 MT loading target."

The Cost of work is Rs 132,59,20,130.37/- (Rs One Hundred Thirty-Two Crore Fifty-Nine Lakh Twenty Thousand One Hundred Thirty rupees and Thirty-Seven paisa) including applicable taxes.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 626.55 as compared to the previous close of Rs. 630.00. The total number of shares traded during the day was 5986240 in over 107129 trades.

The stock hit an intraday high of Rs. 645.00 and intraday low of 610.00. The net turnover during the day was Rs. 3778276461.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL OrderWin LOA CentralRailway