Rail Vikas Nigam Ltd receives LoA for order worth Rs. 888.56 crore

Rail Vikas Nigam Limited has received Letter of Award (LoA) from Himachal Pradesh State Electricity Board Ltd for "Development of Distribution Infrastructure at SOUTH ZONE of Himachal Pradesh under the Revamped Reformsbased and Results-linked, Distribution Sector Scheme (Loss Reduction Works)."

The total cost of project is Rs 888,56,35,186/- (The supply portion including tax is Rs. 782,69,76,778/- and installation portion including tax is Rs. 105,86 58,408.00/-). (Rupees Eight Hundred Eighty Eight Crore Fifty six Laich Thirty Five Thousand One Hundred Eighty six Only) (With GST)

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 238.00 as compared to the previous close of Rs. 237.50. The total number of shares traded during the day was 327765 in over 5107 trades.

The stock hit an intraday high of Rs. 241.95 and intraday low of 236.50. The net turnover during the day was Rs. 78298165.00.

Source : Equity Bulls

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