On March 20, Rail Vikas Nigam’s share gained 3% in early trade after the firm emerged as the lowest bidder (L1) for a project awarded by Haryana Rail Infrastructure Development Corporation.

The composite contract package with the new BG Railway Line of HORC project comprises designing and building a twin tunnel using NATM, cut and cover method from 24.880km to 29.580km, project and installation of ballastless track excluding rails supply from 24.856 km to 29.680 km.

Also, detailed design, supply, installation, testing, and assigning of general electrical services, with supply, creation, testing, and commissioning of 11 kV HT/LT power and device cable network, GIS substation (11/0.433) kVA, tunnel lighting system from km 24.880 to km 29.680. The design and construction of dams, bridges, and other mixt work from 12 km to 18 km.

The project cost Rs 1,088.49 crore, executed in 1460 days.

The Indian President has agreed with the appointment of Shri AK Khandelwal, Principal Executive Director (GS), and Railway Board as part-time government executive on the panel of Rail Vikas Nigam Limited immediately till he holds the post of Principal Executive Director (GS) of the Railway Board, whichever is earlier.

At 9:22 am, Rail Vikas Nigam was quoted at Rs 64.21, up 2.07%.

The share touched a 52-week high of Rs 84.15 and a 52-week low of Rs 29 on November 29 2022, and June 21 2022, individually. It was trading 23.7% below its 52-week high and 121.41% above its 52-week low on Monday morning.

In February 2023, the firm arose as the Lowest Bidder for providing automatic block signalling on the Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western Railway, costing Rs 69,48,11,094.74.

It received LOA of Rs 41,78,17,034.92 for automatic block signalling provision with Dual MSDAC, EI/OC Interface, and Block Optimisation in Nagari (NG) – Taduku (TDK) Section and replacement of EI/RRI at Vepagunta (VGA) station of Chennai (MAS) Division in Southern Railway (Reach-II).