Page 8 - Rail Vikas Nigam

L&T arm wins contract worth up to Rs 5,000 cr from Rail Vikas Nigam

The scope of the project includes construction of tunnels, formation, construction shaft, and other ancillary works between Rishikesh and Karanprayag

L&T bags up to Rs 5,000 crore order from Rail Vikas Nigam in Uttarakhand

Larsen & Toubro (L&T) on Monday said its construction arm has bagged an up to Rs 5,000 crore contract from Rail Vikas Nigam Ltd (RVNL) in Uttarakhand. The construction arm of L&T has secured a large order for its heavy civil infrastructure business from Rail Vikas Nigam Ltd (RVNL) for package 4 of the new broad-gauge line between Rishikesh and Karanprayag in Uttarakhand, India, the company said in a regulatory filing. The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore. The scope of the project includes construction of tunnels, formation, construction shaft, and other ancillary works between Rishikesh and Karanprayag, the company added. L&T said the entire project is to be completed within a stringent timeline of 60 months. "Establishing a rail link between Rishikesh and Karanprayag will not only facilitate easy access ..

L&T construction arm is lowest bidder for Uttarakhand railway project

The Rs 3,338 crore order is a contract from Rail Vikas Nigam for package-4 of a new broad-gauge line between Rishikesh and Karnaprayag

Rail-related stocks rally; RITES, Rail Vikas Nigam surge over 10%

Indian Railways has started the process to invite private players in passenger train operations.

Analysts cautious on railway stocks despite resumption in train services

Analysts believe the resumption of passenger train services is like a sentimental boost from the government and can give a short-term bounce to the stocks, an extension of lockdown may dent sentiment

JSPL to focus on Housing and Railways; aims to become debt-free by 2023

Firm is looking at a 50% demand growth coming from housing segment, eyes 25% uptick from Railways

RITES, RVNL: Rail-related stocks gather steam. Analysts remain cautious

The interim Budget presented in February 2019 did not disappoint rail-related companies. Railways saw an allocation of Rs 64,587 crore and capital expenditure outlay of Rs 1.58 trillion for FY20

Rail Vikas Nigam hits 20% upper circuit after a tepid debut last week

The locked in upper circuit of 20 per cent at Rs 23.70 on BSE on Monday after listed par against its issue price of Rs 20 per share on Thursday.

Rail Vikas Nigam shares end flat on Thursday's stock market debut

The stock touched a high of Rs 19.8 and a low of Rs 18.65 on the National Stock Exchange (NSE), where shares worth Rs 171 crore changed hands