Rail Vikas Nigam profits on awarding agreement to Ashoka Buildcon’s JV

Rail Vikas Nigam profits on awarding agreement to Ashoka Buildcon’s JV

by admin- Thursday, April 18th, 2019 03:48:41 PM

Rail Vikas Nigam is presently trading at Rs. 25.80, up by using zero.20 points or zero.78% from its preceding last of Rs. 25.60 at the BSE.

The scrip opened at Rs. 26.25 and has touched a high and coffee of Rs. 26.Eighty five and Rs. 25.15 respectively. So a long way 2589318 stocks were traded on the counter.

The BSE institution ‘B’ stock of face cost Rs. 10 has touched a fifty two week excessive of Rs. 26.Ninety five on sixteen-Apr-2019 and a fifty two week low of Rs. 18.60 on eleven-Apr-2019.

Last one week high and low of the scrip stood at Rs. 26.95 and Rs. 18.60 respectively. The modern-day market cap of the corporation is Rs. 5400.20 crore.

The promoters preserving inside the business enterprise stood at one hundred.00%.

Rail Vikas Nigam has presented a agreement to Ashoka Buildcon’s Joint Venture (JV) — ABL-STS JV, in which Ashoka Buildcon is lead member, for works related to doubling of a railway music in Punjab. The familiar Bid Value of the Project is Rs 443.23 crore with a final touch duration of 36 months from the date of graduation of the work.

The Project is for the Construction of Roadbed, minor bridges, deliver of ballast, Installation of music (with the exception of supply of rails, PSC sleepers & Thick net switches), Electrical (Railway Electrification and General Electrification), Signaling and Telecommunication works for Doubling of track among Kakrala Halt (Excluding) and Hadiaya (Including) from Km 57.50 to Km one hundred fifteen.Sixty four in Ambala Division of Northern Railway in the state of Punjab.

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