Rail Vikas Nigam Ltd, RPPL JV emerges L1 for order from Rail Infrastructure Development Company Karnataka Ltd

RVNL-RPPL (JV) emerges as the Lowest Bidder (L1) from Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) for "Package C4A: Construction of Nine (9 Nos.) Stations i.e. Elevated (1 No.) and At-Grade (8 Nos.) BSRP Stations of Corridor-4A at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, Kaggadasapura including Civil, Structural, Entry / Exit Structure, Steel FOB, Roof Structures, PEB works Architectural finishes and E&M Works and Detailed Design & Engineering (DOC) with all associated works for Bengaluru Suburban Rail Project (BSRP)."

The project cost is INR 613,00,00,000/- (Rupees Six Hundred Thirteen Crore Only) (Incl. GST).

Share in JV : RVNL = 51% and Rithwik Projects Pvt. Ltd. (RPPL) = 49%.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 450.90 as compared to the previous close of Rs. 446.50. The total number of shares traded during the day was 721360 in over 14135 trades.

The stock hit an intraday high of Rs. 456.90 and intraday low of 441.50. The net turnover during the day was Rs. 323737491.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL RPPL JV L1