RVNL Share: On Thursday, the fourth trading day of the week, there was a stormy rise in the shares of Rail Vikas Nigam Limited (RVNL). During the trading, the share price reached the level of Rs 129.80. This shows an increase of about 8 percent. At the same time, the stock closed at Rs 128.65 at the end of trading. Due to this boom in the shares, the market cap crossed Rs 27 thousand crore.

reason for boom
Rail Vikas Nigam Limited has received Letter of Award (LOA) for NHAI project worth Rs 808.50 crore. The project includes rehabilitation of Rail Vikas Nigam from 4 to 8 lanes of Chandikhol-Paradip section of NH-53 (old NH-5A) etc. This tender is to be executed within 24 months. The company said that the contract has been awarded by the National Highways Authority of India (NHAI) and its cost is Rs 808,48,28,700. Let us tell you that in the month of June, the company got two orders worth Rs 280 crore from Madhya Pradesh East Kshetra Vidyut Vitran Company Limited (MPPKVVCL) in Jabalpur.

Adani Group gave a big update on the merger of these two companies, told the future plan, know the details

The first order includes the activities of new 11 KV lines, supply of lines on AB cable, commissioning etc. in Chhatarpur circle of MPPKVVCL. The value of this order is Rs 126.8 crore. The second order is also similar but it is to be implemented in Seoni and Narsinghpur circle. The value of this order is Rs 154.23 crore. Earlier on June 20, the company had received orders from Chennai Metro Rail Limited (CMRL) for underground stations for the Phase-II project, with a total value of Rs 2,326 crore.

Explain that Rail Vikas Nigam Limited had touched a 52-week high of Rs 144.50 and a 52-week low of Rs 30.30 on May 08, 2023 and July 15, 2022 respectively. For a period of one year the stock has gained 320 per cent.