Rail Vikas Nigam secures contract worth Rs1844.77 crore from NHAI; Stock rises

13 Jul 2022 , 11:15 AM

Rail Vikas Nigam Limited (RVNL) has informed  that the company in named RVNL – SP Singla Constructions Pvt. Ltd. (Consortium) has been awarded Letter of Acceptance (LoA) by National Highways Authority of India (NHAI) on July 11, 2022.

The LoA is awarded regarding Construction of 4 laning of NH-5 from Kaithlighat to Shakral Village (Shimla Bypass Package I: from Km 128.835 to Km 146.300 for Design Length = 17.465 km) in Himachal Pradesh on Hybrid Annuity Mode, the company informed in a regulatory filing.

The total estimated cost of the project is Rs1844.77 crore.

At around 11:15 AM, Rail Vikas Nigam was trading at Rs31.65 per share up by Rs0.05 or 0.16% from its previous closing of Rs31.60 per share on the BSE.

The scrip opened at Rs31.95 and has touched a high and low of Rs31.95 and Rs31.40 respectively so far today. The current market cap of the company is Rs6,588.66 crore.