RVNL emerges lowest bidder for Eastern Railway project; shares trade flatMoneycontrol • 1 day ago
Rail Vikas Nigam Share Price | The project is for construction of Sitarampur bye pass line under Asansol division of Eastern Railway.
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Rail Vikas Nigam Share Price: A meeting of the board of directors is scheduled to be held on May 15 to consider audited financial results for the fourth quarter and year ended 31st March, 2024.
Rail Vikas Nigam Share Price | The project cost is Rs 438.95 crore and to be executed in 42 months.
Rail Vikas Nigam Share Price | The share touched a 52-week high of Rs 345.60 and a 52-week low of Rs 65.30 on 23 January, 2024 and 29 March, 2023, respectively.
RVNL signed an MoU with Airports Authority of India and the estimated cost of the project is Rs 229.43 crore
RVNL: The contract is worth Rs 339.23 crore and to be executed in 130 weeks.
The company became the Lowest Bidder (L1) from Central Railway for signalling and telecommunication work to provide Automatic block signalling in the Khapri-Sewagram Section of Nagpur Division.
The company received LoA's from Himachal Pradesh State Electricity Board Ltd for development of distribution infrastructure at South Zone and North Zone of Himachal Pradesh.
The company said it has an order book of around Rs 65,000 crore, which roughly constitutes 50 percent from railway projects
According to Bhandari, every bull market has a new leader, and sectors that shine the most during a particular bull run will not do as well in the subsequent one.