Rail Vikas Nigam Limited (RVNL) is trading at ₹425.70, marking an increase of ₹14.70 or 3.58% from its previous close of ₹411.00 on the Bombay Stock Exchange (BSE).

The stock opened at ₹411.40 and reached an intraday high of ₹432.50 and a low of ₹406.95. A total of 3,25,430 shares have been traded so far.

A part of the BSE 'A' group, the stock with a face value of ₹10 has recorded a 52-week high of ₹647.00 on July 15, 2024, and a 52-week low of ₹213.00 on March 14, 2024. Over the last week, the scrip's high and low stood at ₹432.50 and ₹355.85, respectively. The company’s current market capitalization is ₹88,196.35 crore.

Promoters hold a 72.84% stake in the company, while institutions and non-institutional investors own 11.38% and 15.79%, respectively.

RVNL, in partnership with HFCL and ATS, has received a Letter of Acceptance (LoA) worth ₹9,613.42 crore from Bharat Sanchar Nigam Limited (BSNL). The project entails developing, upgrading, and maintaining the middle-mile network for Bharat Net under a Design Build Operate and Maintain (DBOM) model.

The project involves a 3-year construction phase and a 10-year maintenance contract, with maintenance costs set at 5.5% of capital expenditure for the first five years and 6.5% for the subsequent five years.

RVNL specializes in executing diverse railway projects, including new lines, doubling, gauge conversion, electrification, metro rail, workshops, major bridges, cable-stayed bridges, and institutional buildings.