New Delhi, October 28 (Udaipur Kiran): Shares of Rail Vikas Nigam Limited (RVNL) traded higher on Monday after the company announced that it had emerged as the lowest bidder (L1) for a major project from the North Eastern Railway.
At Rs. 331.90, RVNL shares were up 0.56 percent or 1.85 points from the previous close of Rs. 330.05 on the BSE. The stock opened at Rs. 332.40 and touched an intraday high of Rs. 333.30 and a low of Rs. 330.70. Around 74,562 shares were traded during the session.
The BSE Group ‘A’ stock, with a face value of Rs. 10, has a 52-week high of Rs. 501.55 (February 1, 2025) and a 52-week low of Rs. 295.25 (April 7, 2025). Over the past week, the stock traded between Rs. 335.00 and Rs. 328.10. The company currently commands a market capitalisation of Rs. 69,191.39 crore.
Promoters hold 72.84 percent of RVNL’s shares, while institutions and non-institutional investors own 11.07 percent and 16.09 percent, respectively.
New Railway Project Win
RVNL was declared the L1 bidder for the construction of the substructure of Important Bridge No. 50 (14×61.0 m) with a Double D-type well foundation for a double line conforming to RDSO 25 T axle loading standards. The bridge will be built over the river Gandak, between Paniyahwa and Valmikinagar stations, as part of the doubling work between Gorakhpur Cantt and Valmikinagar section of the North Eastern Railway.
The total project cost is Rs. 165.55 crore (including GST), and the order is to be completed within 24 months.
About RVNL
Rail Vikas Nigam Limited functions as an extended arm of the Ministry of Railways, executing a wide range of infrastructure projects such as new railway lines, doubling, gauge conversion, electrification, metro works, workshops, and major bridges, including cable-stayed bridges 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.