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Rail Vikas Nigam bags order worth Rs69 crore

Feb 8, 2023

By: BlinkX Research Team

Rail Vikas Nigam Limited stocks in focus on Wednesday's trade as the company emerged as the Lowest Bidder (L1) for Provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western Railway.

According to the regulatory filing, the project cost is Rs 69,48,11,094.74 /-

Time period by which the order is to be executed is 9 months and the Letter of Award (LoI) is still awaited, the company mentioned in a filing.

On Wednesday, at around 12:18 PM, RVNL was trading at Rs71.25 per share lower by 0.90% on the BSE.