Rail Vikas Nigam (RVNL) share price rose in the early trade on October 28 after the company emerged as the lowest bidder for North Eastern Railway project.
At 09:21am, Rail Vikas Nigam was quoting at Rs 331.65, up Rs 1.60, or 0.48 percent, on the BSE.
The contract is 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, company said in its release.
The project cost is Rs 165,54,60,581.78 and to be executed in 24 months.
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Last week, the company emerged as the lowest bidder in reverse auction from South Central Railway for design, supply, erection, testing and commissioning for OHE up gradation of existing 1X25kV system to 2X25kV AT feeding system with feeder and earthing works in Ramgundam (RDM) – Kazipet (KZJ) section of Secunderabad Division under South Central Railway, Total 92 RKM/ 276 TKM. The project cost was Rs 144,44,51,878.04.
Earlier in this month, 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.
In the previous trading session, the share closed at Rs 330.05, up Rs 0.55, or 0.17 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 33.87 percent below its 52-week high and 12.33 percent above its 52-week low.
The market capitalisation of the company stands at Rs 69,149.69 crore.
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