Rail Vikas Nigam bags order worth Rs69 crore

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.

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