Rail Vikas Nigam Share Price | RVNL placed first among the lowest bidders (L1) for the project of building six elevated metro stations for Maharashtra Metro Rail Corporation Limited (Nagpur Metro).
The Rs 187.34 crore project has a 30-month completion period.
The news that Rail Vikas Nigam (RVNL) had come in with the lowest proposal for a project by Maharashtra Metro Rail Corporation caused the share price of the business to surge by 6%, reaching a 52-week high of Rs 398.35 in the opening trading on May 27.
The Rs 187.34 crore project has a 30-month completion period.
Rail Vikas Nigam shares were up Rs 21.95, or 5.93 percent, on the BSE as of 09:26 a.m.
RVNL was the lowest bidder (L1) for the Maharashtra Metro Rail Corporation Limited (Nagpur Metro) project, which included building six elevated metro stations, according to a press statement from the company. Reach 2B of the Nagpur Metro Rail Project (NMRP) Phase 2 comprises the following stations: Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club, and Kanhan River Metro Station. These stations are located between Ch. - 7576.78mm and Ch. - 13457.76m.
The company's Q4 net profit increased by 33.2 percent to Rs 478.6 crore, while operating revenue increased by 17.4 percent year over year to Rs 6,714 crore.
Operating-level EBITDA increased 21.8 percent YoY to Rs 456.4 crore in Q4FY24 from Rs 374.6 crore in the same time last year.
In the past year, the share price increased by 238%.
إرسال تعليق