Rail Vikas Nigam wins order worth Rs137.55 crore; Stock hits 52-week high

7 Nov 2022 , 12:18 PM

Rail Vikas Nigam Limited (RVNL) stock hits 52-week high on Monday as the company has been awarded contract for increasing speed potential to 160 KMPH in Pradhankhanta – Bandhua Section of Dhanbad Division under East Central Railway.

According to the filing, the order is for Design, Supply, Erection, Testing and Commissioning for OHE Modification Work in the existing 25 kV OHE for increasing speed potential to 160 KMPH in Pradhankhanta – Bandhua Section of Dhanbad Division under East Central Railway, Total 202 RKM/ 425 TKM.

The order value is Rs1,37,55,63,085.90/-, the company informed.

At around 12:20 PM, Rail Vikas Nigam Ltd is currently trading at Rs50.85 per share up by Rs4.85 or 10.54% from its previous closing of Rs46 per share on the BSE.

The scrip opened at Rs47 per share and has touched a high and low of Rs54.20 per share and Rs46.60 per share respectively so far today. The current market cap of the company is Rs9,591.09 crore.

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