Rail Vikas Nigam Ltd receives LoA from South Central Railway for order worth Rs. 294.94 crores

Rail Vikas Nigam Limited has received Letter of Acceptance from South Central Railway for "Engineering Procurement Construction (EPC) Contract of Doubling of Track between Navipet station (Excl) from Km 446.900 to Indalvai Station (Incl) Km 482.900 (33.70 km), {Excluding Nizamabad Yard from Km 458.825 to 461.125 (i.e.) 2.3 Km} including Electrification & Signaling works in of South-Central Railway in connection with Mudkhed-Medchal Doubling Project in the State of Telangana."

The project cost is INR 294,94,80,683.34/- (Rupees Two Hundred Ninety Four Crore Ninety Four Lakh Eighty Thousand Six Hundred Eighty Three and Paisa Three Four Only) (Incl. GST).

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 431.85 as compared to the previous close of Rs. 416.00. The total number of shares traded during the day was 371664 in over 5792 trades.

The stock hit an intraday high of Rs. 434.90 and intraday low of 420.00. The net turnover during the day was Rs. 159598109.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL LOA OrderWin SouthCentralRailway