Kalindee Rail Receives Work Order for Rs.118.70 crores

Kalindee Rail Nirman Engineers Ltd has announced that the Company is in receipt of a work order / contract of Rs 118.70 crores from Rail Vikas Nigam Ltd, a Government of India enterprise under Ministry of Railways, towards construction of Palwal Bhuteshwar 3rd Line (81 Kms.) in North Central Railway.

The work order has been bagged by a consortium of Kalindee & a Spanish Company M/s. Cobra Instalaciones Y Services, Madrid under leadership of Kalindee against a global tender.

Shares of the company was trading up at Rs.177.15 with volumes of 61416 shares.

Source : Equity Bulls

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