07 Mar 2025

Rail Vikas Nigam Shares Rise; Secures New EPC Contract

Rail Vikas Nigam's stock is currently trading at RS 348.35, up by 10.95 points or 3.25% from its previous closing of RS 337.40 on the BSE.

The stock opened at RS 340.75 and reached a high of RS 349.40 and a low of RS 335.00. So far, 2,49,646 shares have been traded on the counter.

The BSE group 'A' stock, with a face value of RS 10, has recorded a 52-week high of RS 647.00 on 15-Jul-2024 and a 52-week low of RS 213.00 on 14-Mar-2024. Over the past week, the stock has fluctuated between RS 351.55 and RS 310.05. The company's current market capitalization stands at RS 71,808.09 crore.

In terms of shareholding, promoters hold 72.84% of the company, while institutional and non-institutional investors own 11.27% and 15.89%, respectively.

Additionally, Rail Vikas Nigam has received a Letter of Acceptance (LoA) from South Western Railway for an Engineering, Procurement, and Construction (EPC) project. The contract involves designing, supplying, erecting, testing, and commissioning a 2X25 KV OHE & PSI system, including electrical general services, engineering, and telecommunication works between Rayadurga (excluding) and Topavagada (including) of the TK-RDG section. The project, valued at RS 156.36 crore (including applicable taxes), is set to be completed within 18 months.

Rail Vikas Nigam operates as an extended arm of the Ministry of Railways.