Rail Vikas Nigam Ltd JV emerges L1 for Eastern Railway order

RVNL - SCPL (JV) emerges as the Lowest Bidder (L1) from Eastern Railway for "Earthwork in cutting and filling, blanketing, construction of minor bridges, major bridges, RUB, ROB, retaining wall, level crossing, side drain, catch water drain, P.way work and other ancillary works from IR Ch. 205.000 km to 260.2 Km between Kalipahari (inc.) to Pradhankhuta (exc.) in connection with construction of multi tracking Railway BG line."

The project cost is INR 837,67,19,698.44/- (Rupees Eight Hundred Thirty Seven Crore Sixty Seven Lakh Nineteen Thousand Six Hundred Ninety Eight and Paisa Forty Four Only) (Incl. GST). Share in JV - M/s RVNL - 74% (Lead Member) and M/s SCPL - 26% (Other Member).

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 446.50 as compared to the previous close of Rs. 470.80. The total number of shares traded during the day was 278602 in over 6506 trades.

The stock hit an intraday high of Rs. 469.95 and intraday low of 444.00. The net turnover during the day was Rs. 126349243.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL SCPL JV OrderWin EasternRailway L1