Rail Vikas Nigam (RVNL) share price up marginally in the opening trade on September 10 after the company emerged as the lowest bidder for the project from West Central Railway.
At 09:22am, Rail Vikas Nigam was quoting at Rs 334.65, up Rs 1.25, or 0.37 percent, on the BSE.
".... emerges as the lowest bidder (L1) for design/ modification, supply, erection, testing and commissioning of 220/132kV/2X25 kV Scott connected traction substation and switching posts with AT including SCADA work between BINA to RTA section of Bhopal division of WC Railway to meet 3000MT loading target," company said in its press release.
The total cost of work is Rs 169,48,95,146 and to be executed in 540 days.
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The company board at its AGM approved a final dividend of Rs 1.72 per equity share for the financial year 2024-25.
In July, the company received LOA from Southern Railway for upgradation work of electric traction system to meet 3000 MT loading target.
Also, received a Letter of Award (LOA) from Delhi Metro Rail Corporation Limited for a project worth Rs 447.42 crore.
The share touched a 52-week high of Rs 562.50 and a 52-week low of Rs 295.25 on 13 September, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 40.51 percent below its 52-week high and 13.34 percent above its 52-week low.
The market capitalisation of the company stands at Rs 69,775.20 crore.
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