Rail Vikas Nigam share gain on winning multiple orders from NHAI


Rail Vikas Nigam share gain on winning multiple orders from NHAI

Rail Vikas Nigam proportion fee introduced greater than four percentage withinside the early change on April three on triumphing more than one orders really well worth Rs 721 crore.

Rail Vikas Nigam has acquired Letter of Award (LoA) from National Highway Authority of India (NHAI) for creation of six lane multiplied Kona parkway mission withinside the nation of West Bengal on EPC mode.

The order is really well worth of Rs 720.sixty seven crore and to be accomplished in 910 days.

The company`s JV additionally acquired LoA from Ministry of Railways for production cum renovation of Vande Bharat Trainsets which includes up-gradation of the authorities production units & trainset depots.

The overall amount is one hundred twenty trainsets and fee consistent with set is Rs one hundred twenty crore.

The company's proportion is 25 percentage and to be finished in eighty two months.

Also, the consortium (RVNL and Tracks & Towers Infratech) acquired LoA from NHAI for 'creation of 6-lane Greenfield Varanasi-Ranchi-Kolkata motorway from Sonepurbigha village junction with NH-22 close to Chatra beneathneath Bharatmala Pariyojana withinside the nation of Jharkhand on Hybrid Annuity Mode.

The mission fee is really well worth Rs 1,271.ninety eight crore and proportion of RVNL is forty nine percentage.

At 09:25 hrs Rail Vikas Nigam become quoting at Rs 71.08, up Rs 2.48, or three.sixty two percentage at the BSE.

The proportion 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 15.fifty three percentage under its 52-week excessive and 145.1 percentage above its 52-week low.


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