Rail Vikas Nigam Limited Secured An Order From NMDC
Rail Vikas Nigam Limited Secured An Order From NMDC for ₹95.27 crore.
Rail Vikas Nigam Limited, a Navratna PSU in India under the administrative control of the Ministry of Railways, today, in its exchange filing, said that,
The Company has secured a Letter of Acceptance (LOA) from National Mineral Development Corporation Limited, a domestic entity. Source – BSE.
Oder Details
As the company said, the new order is for the Refurbishment of Permanent Way of National Mineral Development Corporation (NMDC) Sidings & Mobile Equipment Tracks at Kirandul & Bacheli, Chhattisgarh, India.
The contract includes maintenance of the tracks.
The aforementioned work is in the normal course of business of the Company, a company official added.
Rail Vikas Nigam Limited Secured An Order From NMDC
Size of the Order
The total estimated value of the new order is INR 95,27,00,000/- (Rupees Ninety Five Crores Twenty-seven Lakhs Only), including 18% GST.
Duration
The order is to be executed over a period of 36 months from the date of the Purchase Order, a company spokesperson said.
Exchange Compliance
The Company has disclosed these details under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Refer to rvnl new order for further details.
The company’s market capitalization is ₹55,600 Cr.
The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day Simple Moving Average.
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