PSU Share Update: RVNL Shares Rise after NHAI Order
The company's shares sees the uplift on Monday to 74.54 INR. On Wednesday after a day break due to Mahavir Jayanti the company's share was opened at 76.65 INR.
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New Delhi: RVNL has recently shown an upward bounce with higher volumes. This indicates a long buildup behind the prices after the state-owned PSU won multiple orders from the National Highway Authority of India (NHAI), and Indian Railways.
The company's shares sees the uplift on Monday to 74.54 INR. On wednesday after a day break due to Mahavir jayanti the company's share was opened at 76.65 INR.
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On March 31, 2023 RVNL received a Letter of Award from National Highway Authority of India (NHAI) for Construction of Six Lane Elevated Kona Expressway from km 0.145 to km 7.337 of NH-117 in the state of West Bengal on EPC mode costs Rs 720.67 crore. The order is to be executed within 910 days.
Read Also : POWERGRID Honoured with SCOPE Eminence Award for Human Resource ManagementRVNL also informed that TTIPL-RVNL Consortium (Tracks & Towers Infratech Pvt. Ltd. -Rail Vikas Nigam Limited) received Letter of Award from NHAI for “Construction of 6-lane Greenfield VaranasiRanchi-Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 under Bharatmala Pariyojana in the State of Jharkhand on Hybrid Annuity Mode (Package-8).” Costs Rs 120 crore.
Read Also : Hon'ble President of India confers SCOPE Eminence Awards to PSEs