Rail Vikas Nigam Ltd receives LoA from Central Railway

Rail Vikas Nigam Limited has received Letter of Acceptance from Central Railway for "Design, Supply, Erection, Testing & Commissioning of 132/55 KV Traction Substation, Sectioning post (SPs) and Sub sectioning post (SSPs) in 2 x 25 KV Traction System (Scott Connected Transformer) of Bhusaval - Khandwa Sections of Central Railway, to meet 3000 MT loading target on EPC mode."

The cost of work is Rs 135,66,41,737.92/- (Rs One Hundred Thirty-Five Crore Sixty-Six Lakh Forty-One Thousand Seven Hundred Thirty-Seven Rupees and Ninety-Two Paisa) including applicable taxes.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 350.45 as compared to the previous close of Rs. 363.30. The total number of shares traded during the day was 352569 in over 6808 trades.

The stock hit an intraday high of Rs. 364.40 and intraday low of 347.50. The net turnover during the day was Rs. 124480879.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL OrderWin LoA CentralRailway