Rail Vikas Nigam (RVNL) share price declined in the opening trade on November 28 despite the company bagged a project from East Coast Railway.
At 09:17am, Rail Vikas Nigam was quoting at Rs 322, down Rs 2.30, or 0.71 percent, on the BSE.
"..... has received Letter of Acceptance (LOA) from East Coast Railway for supply, installation, testing and commissioning of IP based video surveillance system, version 3.1 for rolling stock of ECoR," company said in its exchange filing.
The total project cost is Rs 9,64,07,109.79 and should commence within 30 days from issue of contract and to be completed within 180 days thereafter.
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Last week, the company emerged as the lowest bidder (L1) for a contract worth Rs 180.77 crore of design, supply, erection, testing & commissioning of OHE modification and feeder wire work of 2x25 kV traction system for capacity upgradation of UTR-MWP section (184 RKM/368 TKM) in Lucknow division of Northern Railway.
In the previous trading session, the share closed at Rs 324.30, up Rs 0.40, or 0.12 percent.
The share touched a 52-week high of Rs 501.55 and a 52-week low of Rs 295.25 on 01 February, 2025 and 07 April, 2025, respectively.
Currently, the stock is trading 35.34 percent below its 52-week high and 9.84 percent above its 52-week low.
The market capitalisation of the company stands at Rs 67,617.20 crore.
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