New Delhi, 24 November (Udaipur Kiran): Rail Vikas Nigam Ltd (RVNL) traded higher on Monday after the company emerged as the lowest bidder (L1) for a major North Eastern Railway project. The stock was trading at Rs 317.00 on the BSE, up 0.94 percent from its previous close of Rs 314.05.
The scrip opened at Rs 316.35 and recorded an intraday high of Rs 317.95 and a low of Rs 314.35. As many as 1,91,701 shares were traded during the session. RVNL, a BSE group ‘A’ stock with a face value of Rs 10, registered a 52-week high of Rs 501.55 on February 1, 2025, and a 52-week low of Rs 295.25 on April 7, 2025. Over the past week, it traded between Rs 335.75 and Rs 313.60. The company’s current market capitalisation stands at Rs 66,022.16 crore.
Promoters hold 72.84 percent of the company, while institutional investors and non-institutional investors hold 11.07 percent and 16.09 percent respectively.
RVNL has been declared the lowest bidder by North Eastern Railway for the design, supply, erection, testing and commissioning of OHE modification and feeder wire work for a 2×25 kV traction system. The project aims at capacity upgradation of the UTR–MWP section (184 RKM/368 TKM) in the Lucknow division of Northern Railway. The order, valued at Rs 180.78 crore including taxes, is expected to be completed in 24 months.
Rail Vikas Nigam acts as an extended arm of the Ministry of Railways and undertakes a wide range of railway projects, including new lines, doubling, gauge conversion, electrification, metro works, workshops, major bridges, cable-stayed structures and institutional buildings.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
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