Rail Vikas Nigam Ltd receives LOA from Southern Railway

Rail Vikas Nigam Limited has received LOA from Southern Railway for "Upgradation work of Electric traction system from 1x25 kv to 2x25 kv traction system from Salem Jn. (SA)-Podanur Jn. (PTJ) & Irugur (IGU)-Coimbatore Jn. (CBE)-Podanur Jn. (PTJ) section of salem division of Southern Railway to meet 3000 MT loading target."

The Cost of work is Rs 143,37,87,127.90/- (Rs One Hundred And Forty- Three Crore ThirtySeven Lakh Eighty-Seven Thousand One Hundred And Twenty-Seven Rupees and Ninety Paise Only) including applicable taxes.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 391.35 as compared to the previous close of Rs. 390.65. The total number of shares traded during the day was 350702 in over 7243 trades.

The stock hit an intraday high of Rs. 394.00 and intraday low of 388.60. The net turnover during the day was Rs. 137318807.00.

Source : Equity Bulls

Keywords

RailVikasNigam INE415G01027 RVNL LOA SouthernRailway