Rail Vikas Nigam share price gain marginally in the early trade on November 24 following the company emerged as the lowest bidder for the Northern Railway project.
At 09:17 hrs Rail Vikas Nigam was quoting at Rs 314.70, up Rs 0.65, or 0.21 percent, on the BSE.
"....... emerges as the lowest bidder (L1) from North Eastern railway for 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,” company said in the press release.
The total cost of work is Rs 180,77,92,324.55 and to be executed in 24 months.
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Last month, the company received the contract for construction of substructure of bridge with double D type well foundation for double line with RDSO 25 T Axel loading standard over river Gandak between Paniyahwa - Valmikinagar station in connection with Doubling work between Gorakhpur Cantt- Valmikinagar section of North Eastern Railway. The project cost is Rs 165,54,60,581.78 and to be executed in 24 months
Also, Western Railway awarded a contract of Rs 40,41,60,533.80 for strengthening of S&T maintenance activities by providing round the clock manpower for maintenance, repair and upkeep of signaling and telecom gears installed at various locations of Ahmedabad Division for two years.
Company's net profit declined by 19.73 percent in the quarter ended September 2025 at Rs 230.29 crore against Rs 286.88 crore in September 2024.
In the previous trading session, the share closed at Rs 314.05, down Rs 5.05, or 1.58 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 37.38 percent below its 52-week high and 6.37 percent above its 52-week low.
The market capitalisation of the company stands at Rs 65,480.06 crore.
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