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Rail Vikas Nigam wins contract worth Rs408 crore from NHAI; Stock up 1%

This project is under Bharatmala Pariyojana on EPC mode.

September 30, 2022 9:47 IST | India Infoline News Service
Rail Vikas Nigam Limited (RVNL) stocks in the fast lane on Friday's morning trading session after receiving LoA.

According to the filing, the company has been awarded contract for Construction of 4 Lane highway from Samarlakota to Achampeta Junction (for 12.25 km) by National Highways Authority of India (NHAI) as a part of Kakinada port to NH - 16 connectivity in the State of Andhra Pradesh.

This project is under Bharatmala Pariyojana on EPC mode at a total awarded cost of Rs408 crore, the company said in a regulatory filing on Thursday.

On Fridayy at around 9:46 AM, Rail Vikas Nigam Ltd is currently trading at Rs33.30 per share up by Rs0.35 or 1.06% from its previous closing of Rs32.95 per share on the BSE.

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