Rail Vikas Nigam Ltd receives LoA from East Central Railway

Rail Vikas Nigam Limited has received Letter of Acceptance from East Central Railway for "Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations with associated Switching Posts for upgradation work of electric traction system from 1X25 to 2 X 25 KV AT feeding system in Gomoh - Patratu Section of Dhanbad Division of East Central Railway."

The cost of work is Rs 186,76,60,320.77/- (Rs One Hundred Eighty-Six Crore Seventy-six Lakh Sixty Thousand Three Hundred Twenty rupees and Seventy-seven paisa) including applicable taxes.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 437.60 as compared to the previous close of Rs. 436.95. The total number of shares traded during the day was 361392 in over 9654 trades.

The stock hit an intraday high of Rs. 444.25 and intraday low of 436.50. The net turnover during the day was Rs. 158530178.00.

Source : Equity Bulls

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RailVikasNigam INE415G01027 RVNL LoA OrderWin