RVNL soars after railway PSU bags Rs 543-crore Indore Metro Rail project; should you buy, sell or hold stock?
RVNL new order news: The order involves the designing of parts and the construction of five elevated metro stations. The railways PSUs stock gained as much as four per cent to Rs 185.6 during the session on NSE, coming within Rs 14 of a record high registered in September.
RVNL share price NSE, RVNL new order news: Shares of Rail Vikas Nigam Ltd (RVNL) shares soared on Tuesday after the company’s joint venture with URC emerged the lowest bidder for an order worth Rs 543 crore from Madhya Pradesh Metro Railway Corporation. The order involves the designing of parts and the construction of five elevated metro stations. The railways PSU’s stock gained as much as four per cent to Rs 185.6 during the session on NSE, coming within Rs 14 of a record high registered in September. The counter ended at Rs 178.25, down 0.1 or 0.06 per cent on NSE.
"It is hereby informed that “M/s RVNL-URC JV emerges as the Lowest Bidder (L1) for “Part Design and Construction of Elevated Viaduct, Five (5) Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for Indore Metro Rail Project,” the company informed the exchanges post market hours on Monday.
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