Rail Vikas Nigam Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Mid Cap

Rail Vikas Nigam emerges as the Lowest Bidder (L1) from East Coast Railway for “3rd & 4th line between Jarapada & Talcher Road and Construction of New line between Angul-Balram (MCRL Inner Corridor Phase-I Doubling 14 Kms).: Execution of balance earthwork in formation, minor bridges, major bridges, P.way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd & 4th line of Jarapada-Budhapank Project and between Angul & Balram including yards of MCRL Inner Corridor Phase-I Doubling.” The project cost is Rs 283.69 crore.

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Rail Vikas Nigam emerged as the Lowest Bidder (L1) from EAST CENTRAL RAILWAY for “Design, Supply, Erection, Testing and Commissioning of 2x25KV feeder line along the track with 25KV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road -Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM).” The value of the order is Rs 180 crore.

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The partnership will aim at identify projects across the globe complementing each other in partnership resulting in increased capability for bidding and carrying out infrastructure and other projects of mutual interests

The companies will share relevant information with the aim of identifying market needs and dovetailing it with capabilities of the companies.

The partnership will also aid in the development of business proposals, including exploring engineering procurement construction opportunities with various government, semi-government, autonomous bodies, authorities/private entities, and multilateral funding agencies across the globe.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

Engineers India (EIL) is an engineering consultancy and technology licensing company in the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals, and other sectors of industry, having a DSIR-recognized R&D center. As of 31 December 2023, the Government of India held a 51.32% stake in the company.

Shares of RVNL added 0.77% to Rs 525.65 while those of shares of Engineers India rose 0.14% to Rs211.85.

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Rail Vikas Nigam Ltd lost 1.18% today to trade at Rs 538.85. The BSE Capital Goods index is down 0.08% to quote at 72998.46. The index is up 0.21 % over last one month. Among the other constituents of the index, Bharat Dynamics Ltd decreased 0.71% and Praj Industries Ltd lost 0.69% on the day. The BSE Capital Goods index went up 55 % over last one year compared to the 22.91% surge in benchmark SENSEX.

Rail Vikas Nigam Ltd has lost 5.52% over last one month compared to 0.21% gain in BSE Capital Goods index and 3.29% rise in the SENSEX. On the BSE, 28608 shares were traded in the counter so far compared with average daily volumes of 10.29 lakh shares in the past one month. The stock hit a record high of Rs 647 on 15 Jul 2024. The stock hit a 52-week low of Rs 142.1 on 26 Oct 2023.

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