Rail Vikas Nigam shares gain on winning Rs 121 crore project

Rail Vikas Nigam shares gain on winning Rs 121 crore project

Shares of Rail Vikas Nigam (RVNL) received withinside the early change on April 6 after the employer introduced that it has gained a undertaking from North Central Railway.

Rail Vikas Nigam emerged as the bottom bidder (L1) for provision of E1 primarily based totally automated signaling with non-stop music circuiting and different related works which include appropriate indoor alteration in digital interlocking/RRI/PI stations enroute in Jhansi (incl)-Gwalior (Incl.) segment of Jhansi Division of North Central Railway, the employer knowledgeable the exchanges.

The fee of the stated undertaking aside from GST is pegged at Rs 121 crore and  is to be completed in 545 days.

At 09:23 hrs stocks of Rail Vikas Nigam have been buying and selling at Rs 74.forty two apiece, up Rs 0.98, or 1.33 percentage at the BSE.

The inventory touched a 52-week excessive of Rs 84.15 and a 52-week low of Rs 29 on 29 November, 2022 and 21 June, 2022, respectively.

Currently, it's far buying and selling 11.fifty six percentage under its 52-week excessive and 156.sixty two percentage above its 52-week low.


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