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HomeMarketStocksRail Vikas Nigam hits new 52-week high on new order win

Rail Vikas Nigam hits new 52-week high on new order win

shares in Friday’s commerce gained over 9% to new 52-week excessive of Rs 46.50 apiece after bagging Rs 137 crore order.

“Rail Vikas Nigam Restricted (RVNL) has been awarded a contract for growing velocity potential to 160 KMPH in Pradhankhanta – Bandhua part of Dhanbad Division below East Central Railway,” mentioned the corporate’s submitting with the alternate.

The Rs 137-crore order is for designing, supplying, erecting, testing and commissioning for OHE Modification Work within the present 25 kV OHE.

Rail Vikas Nigam inventory within the final 1-year has gained by over 25%.
The miniratna PSU below the ministry of railways was integrated in 2003 with the dual targets of elevating extra-budgetary sources and implementation of initiatives regarding creation and augmentation of capability of rail infrastructure on quick observe foundation.

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