25 Mar , 2025 By : Debdeep Gupta
Rail Vikas Nigam's share price extended gains on the sixth consecutive day, rising more than a percent in the opening trade on March 25 after the company bagged an order worth Rs 115 crore.
At 09:19 am, Rail Vikas Nigam was quoting at Rs 376.65, up Rs 5.10, or 1.37 percent, on the BSE.
"..... emerged as the lowest bidder (L1) from Central Railway for OHE modification work for up-gradation of existing 1x25 KV electric traction system to 2x25 KV at feeding system in Itarsi-Amla section in Nagpur division of Central Railway to meet 3000 MT loading target," the company said in its release.
The order is to be executed in 24 months.
On March 20 the company received a Letter of Acceptance from the National Highway Authority of India for the construction of 6 lane Access Controlled connectivity to Visakhapatnam Port Road of NH 516C on Hybrid Annuity Mode in the State of Andhra Pradesh under NH (O) on Hybrid Annuity Mode.
Earlier this month, the company received a Letter of Acceptance worth Rs 156.35 crore from South Western Railway for engineering, procurement, and construction (EPC) for the design, supply, erection, testing, commissioning of 2X25 KV OHE & PSI system (TSSs & SPs & SSPs) including electrical general services, engineering & telecommunication works between Rayadurga Topavagada of TK-RDG section.
The share touched a 52-week high of Rs 647.00 and a 52-week low of Rs 220.00 on 15 July 2024 and 15 April 2024, respectively.
Currently, the stock is trading 41.79 percent below its 52-week high and 71.2 percent above its 52-week low.
Market capitalization stands at Rs 78,532.28 crore.
The share price rose more than 44 percent in the last one year.
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