Rail Vikas Nigam share gain on winning multiple orders from NHAI

Rail Vikas Nigam percentage rate brought greater than four percentage withinside the early change on April three on prevailing more than one orders really well worth Rs 721 crore.

Rail Vikas Nigam has obtained Letter of Award (LoA) from National Highway Authority of India (NHAI) for creation of six lane multiplied Kona parkway mission withinside the nation of West Bengal on EPC mode

The order is really well worth of Rs 720.sixty seven crore and to be finished in 910 days.

The company`s JV additionally obtained LoA from Ministry of Railways for production cum protection of Vande Bharat Trainsets consisting of up-gradation of the authorities production units & trainset depots.

The overall amount is one hundred twenty trainsets and value consistent with set is Rs one hundred twenty crore.

The company's percentage is 25 percentage and to be finished in eighty two months.

Also, the consortium (RVNL and Tracks & Towers Infratech) obtained LoA from NHAI for 'creation of 6-lane Greenfield Varanasi-Ranchi-Kolkata dual carriageway from Sonepurbigha village junction with NH-22 close to Chatra below Bharatmala Pariyojana withinside the nation of Jharkhand on Hybrid Annuity Mode.

The mission value is really well worth Rs 1,271.ninety eight crore and percentage of RVNL is forty nine percentage.

At 09:25 hrs Rail Vikas Nigam changed into quoting at Rs 71.08, up Rs 2.48, or three.sixty two percentage at the BSE.

The percentage touched a 52-week excessive of Rs 84.15 and a 52-week low of Rs 29 on 29 November, 2022 and 21 June, 2022, respectively.

Currently, it's far buying and selling 15.fifty three percentage under its 52-week excessive and 145.1 percentage above its 52-week low.