Rail Vikas Nigam stock gains 1% on securing LoI from Ahmedabad Municipal Corporation

21 Oct 2022 , 10:02 AM

Rail Vikas Nigam Ltd (RVNL) stocks in the fast lane as the company received Letter of Acceptance (LoA) by Ahmedabad Municipal Corporation (AMC).

As per the filing, RVNL has been awarded contract for Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 2 & 3 for which details of the contracts awarded are as under:

• Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 2: Kharicut Canal Development Navyug School Canal Crossing to Nidhipark Society (Ch. 2500 — Ch. 5000) at an awarded cost of Rs236,19,70,464.23.
• Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 3 : Kharicut Canal Development Nidhipark Society to Odhav Fire Station (Ch. 5000 — Ch. 7600) at an awarded cost of Rs248,00,83,364.78.

At around 10:03 AM, Rail Vikas Nigam Ltd is currently trading at Rs36.20 per share up by Rs0.4 or 1.12% from its previous closing of Rs35.80 per share on the BSE.

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