Stock Market Today: Rail Vikas Nigam Ltd (RVNL) share price gained in the morning trades on Tuesday. It announced fresh order wins from the Central Railway
Rail Vikas Nigam Ltd or RVNL order win details
Rail Vikas Nigam Ltd (RVNL) on Monday 24 March 2024, post the market hours announced that it emerged as the Lowest Bidder (L1) from Central Railway
The contract where RVNL has emerged as Lowest Bidder (L1) is from Central Railway and is for “OHE modification work for up-gradation of existing 1×25 KV electric traction system to 2×25 KV at feeding system in Itarsi-Amla section in Nagpur division of Central Railway to meet 3000 MT loading target.
The Time period by which order or contract is to be executed by Rail Vikas Nigam Ltd or RVNL is 24 months.
The Broad consideration or size of the order or /contract from Central railway to Rail Vikas Nigam Ltd or RVNL is ₹115,79,37,241.11/- ( ₹One Hundred Fifteen Crore seventy- Nine Lakh Thirty-seven Thousand Two Hundred Forty-one rupees and eleven paisa) including applicable taxes.
Rail Vikas Nigam Limited or RVNL Credit rating details
Rail Vikas Nigam Limited or RVNL has obtained favorable credit rating from Care Edge
Rail Vikas Nigam Limited or RVNL intimated that credit ratings for Long Term Bank Facilities amounting to ₹30 crore (enhanced from ₹20 Crore) have been reaffirmed as CARE AAA; Stable by Care Edge
For Long Term / Short Term Bank Facilities amounting to ₹8500 crore (enhanced from ₹6480 crore) have been reaffirmed as CARE AAA; Stable /CARE A1+ by Care Edge , as per intimation by Rail Vikas Nigam to the exchanges.
Rail Vikas Nigam Limited or RVNL share price movement
Rail Vikas Nigam Limited or RVNL share price opened at 379.95 on the BSE on Tuesday. At the time of opening Rail Vikas Nigam Limited or RVNL share price was trading 1.26 % higher than the previous days closing price of ₹371.55. Rail Vikas Nigam Limited or RVNL share price thereafter gained further to intraday highs of ₹380, marking intraday gains of more than 2%
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