Rail Vikas Nigam Ltd receives LOA from Northern Railway

Rail Vikas Nigam Limited has received LOA from Northern Railway for "Design and Construction of New Rail Cum Road Bridge No. 11 over river Ganga, 50 Meters downstream of the existing old Malviya Bridge near Kashi Railway Station, including sub structure and super structure of the Bridge (8 X 108.5 m + 2 X 103.3 m Open Web Steel Girder) for four line tracks on lower deck and six lane Road on upper deck, including Railway and Road approaches as per GAD along with associated OHE Works and General Electric works in Lucknow Division of Northern Railway at Varanasi, Uttar Pradesh, India".

The project cost is Rs. 12,01,35,69,000/- (Rupees Twelve Hundred One Crore Thirty-Five Lakh Sixty-Nine Thousand Only) (Incl. all taxes).

Rail Vikas Nigam Ltd. : 60% (Sixty )
GPT Infraprojects Ltd. : 40% (Forty)

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 309.75 as compared to the previous close of Rs. 308.75. The total number of shares traded during the day was 407262 in over 5744 trades.

The stock hit an intraday high of Rs. 311.60 and intraday low of 306.90. The net turnover during the day was Rs. 125833805.00.

Source : Equity Bulls

Keywords

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