MoneyWorks4Me

Rail Vikas Nigam soars as its JV receives LoA worth Rs 123.36 crore

03 Jan 2024 Evaluate

Rail Vikas Nigam is currently trading at Rs. 185.60, up by 4.80 points or 2.65% from its previous closing of Rs. 180.80 on the BSE.

The scrip opened at Rs. 182.55 and has touched a high and low of Rs. 186.30 and Rs. 182.55 respectively. So far 1234914 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.35 on 12-Sep-2023 and a 52 week low of Rs. 56.15 on 01-Mar-2023.

Last one week high and low of the scrip stood at Rs. 186.30 and Rs. 176.00 respectively. The current market cap of the company is Rs. 37697.16 crore.

The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 8.15% and 19.02% respectively.

Rail Vikas Nigam’s (RVNL) joint venture (JV) -- KRDCL-RVNL has received Letter of Acceptance (LoA) worth Rs 123.36 crore from Southern Railway (CAO-CN-ERS-Engineering) for Major upgradation/redevelopment of Varkala Sivagiri Railway Station. RVNL share amount is Rs 60.44 crore.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.


Peers
Company Name CMP
Larsen & Toubro 3881.50
Kalpataru Projects 1410.70
NCC 134.55
Rail Vikas Nigam 208.65
KEC International 396.90
View more..