Order LOA of Rs 808.48 Crore is Acquired by Rail Vikas Nigam Limited
The Letter of Acceptance (LOA) for the project titled “Rehabilitation and Upgradation from 4 to 8 Lanes of Chandikhole-Paradip Section of NH-53 (Old NH-5A) from Km. 60.000 to Km. 76.646 (Package-4) in the State of Odisha on Hybrid Annuity Model (HAM) – 2nd Call” was recently given to Rail Vikas Nigam Limited (RVNL).
INR 808,48,28,700 is the projected cost of this infrastructure project.
The shares of Rail Vikas Nigam Limited were seen to be trading at INR 118.65 as of the most recent trading session on the Bombay Stock Exchange (BSE), only a little less than the previous closing price of INR 120.65. Over 6,217 trades involving a total of 582,927 shares took place throughout the course of the day.
About Rail Vikas Nigam Ltd:
Rail Vikas Nigam Limited (RVNL) is a central public sector enterprise in India that functions as the construction division of the Ministry of Railways. It is responsible for executing projects and developing transportation infrastructure.
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