Mumbai, January 28 (Udaipur Kiran): Shares of Rail Vikas Nigam traded higher on the BSE after the company emerged as the lowest bidder (L1) for an upgradation project awarded by South Central Railway.

Rail Vikas Nigam was trading at Rs. 327.60, up by Rs. 3.70 or 1.14 per cent from its previous closing of Rs. 323.90 on the BSE. The stock opened at Rs. 327.90 and touched an intraday high of Rs. 331.95 and a low of Rs. 326.55. As many as 2,95,656 shares were traded on the counter during the session.

The BSE Group ‘A’ stock, with a face value of Rs. 10, has touched 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 last one week, the scrip moved between a high of Rs. 334.70 and a low of Rs. 319.40. The company’s current market capitalisation stands at Rs. 68,534.61 crore.

Promoters hold 72.84 per cent stake in the company, while institutional investors and non-institutional investors hold 11.37 per cent and 15.79 per cent respectively.

Rail Vikas Nigam has emerged as the lowest bidder for the project involving the design, supply, erection, testing and commissioning for OHE upgradation of the existing 1×25 kV system to 2×25 kV at feeding system, including feeder and earthing works. The project covers the Ongole (OGL) to Gudur (GDR) section of the Vijayawada Division under South Central Railway, spanning a total of 154 route kilometres and 462 track kilometres. The size of the order is Rs. 242.49 crore.

Rail Vikas Nigam functions as an extended arm of the Ministry of Railways and is engaged in executing a wide range of railway infrastructure projects across the country.