Rail Vikas Nigam Ltd secures Indore Metro Rail contract for Rs. 381.95 crore

Rail Vikas Nigam Limited (RVNL) has secured Contract from Madhya Pradesh Metro Rail Corporation Limited.

The contract is for "Design and Construction of Seven (7) Elevated Metro Rail Stations including Viaduct portion within the stations and Transition spans on either side of the stations, Entry-Exit Structures, Architectural Finishes, E&M Works etc. (ISBT/MR 10 Flyover, Chandragupta Square, Hira Nagar, Bapat Square Meghdoot Garden, Vijay Nagar Square & Radisson Square)" of Indore Metro Rail Project.

The total contract value is Rs. 381,95,19,000.00 (Rupees Three Hundred Eighty-One Crore Ninety-Five Lakh Nineteen Thousand Only).

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 29.85 as compared to the previous close of Rs. 30.05. The total number of shares traded during the day was 406057 in over 3047 trades.

The stock hit an intraday high of Rs. 30.3 and intraday low of 29.8. The net turnover during the day was Rs. 12163318.

Source : Equity Bulls

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