Rail Vikas Nigam stocks rally 2% on securing NHAI order worth Rs 808 crore

Rail Vikas Nigam Limited stocks rally during Friday's trading session as it has received prestigious NHAI contract worth Rs 808.48 crore in Odisha.

As per the filing, the company received LOA for "Rehabilitation and Up gradation from 4 to 8 laning of Chandikhole - Paradip Section of NH-53 (Old NH - 5A) from Km. 60.000 to Km. 76.646 (Package-4) in the State of Odisha on HAM mode - 2nd Call", stated company.

Further, the project cost is Rs 808.48 crore.

During afternoon session, shares of Rail Vikas Nigam were trading higher by ~2% at Rs 119.70 per share on the BSE.

Source: Media Reports