Rail Vikas Nigam emerges as the Lowest Bidder (L1) from East Coast Railway for '3rd & 4th line between Jarapada & Talcher Road and Construction of New line between Angul-Balram (MCRL Inner Corridor Phase-I Doubling 14 Kms).: Execution of balance earthwork in formation, minor bridges, major bridges, P.way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd & 4th line of Jarapada-Budhapank Project and between Angul & Balram including yards of MCRL Inner Corridor Phase-I Doubling.' The project cost is Rs 283.69 crore. Powered by Capital Market - Live

Rail Vikas Nigam emerged as the Lowest Bidder (L1) from EAST CENTRAL RAILWAY for 'Design, Supply, Erection, Testing and Commissioning of 2x25KV feeder line along the track with 25KV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road -Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM).' The value of the order is Rs 180 crore. Powered by Capital Market - Live

The partnership will aim at identify projects across the globe complementing each other in partnership resulting in increased capability for bidding and carrying out infrastructure and other projects of mutual interests The companies will share relevant information with the aim of identifying market needs and dovetailing it with capabilities of the companies. The partnership will also aid in the development of business proposals, including exploring engineering procurement construction opportunities with various government, semi-government, autonomous bodies, authorities/private entities, and multilateral funding agencies across the globe. Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc. Engineers India (EIL) is an engineering consultancy and technology licensing company in the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals, and other sectors of industry, having a DSIR-recognized R&D center. As of 31 December 2023, the Government of India held a 51.32% stake in the company. Shares of RVNL added 0.77% to Rs 525.65 while those of shares of Engineers India rose 0.14% to Rs211.85.Powered by Capital Market - Live

Rail Vikas Nigam Ltd lost 1.18% today to trade at Rs 538.85. The BSE Capital Goods index is down 0.08% to quote at 72998.46. The index is up 0.21 % over last one month. Among the other constituents of the index, Bharat Dynamics Ltd decreased 0.71% and Praj Industries Ltd lost 0.69% on the day. The BSE Capital Goods index went up 55 % over last one year compared to the 22.91% surge in benchmark SENSEX. Rail Vikas Nigam Ltd has lost 5.52% over last one month compared to 0.21% gain in BSE Capital Goods index and 3.29% rise in the SENSEX. On the BSE, 28608 shares were traded in the counter so far compared with average daily volumes of 10.29 lakh shares in the past one month. The stock hit a record high of Rs 647 on 15 Jul 2024. The stock hit a 52-week low of Rs 142.1 on 26 Oct 2023.Powered by Capital Market - Live

Rail Vikas Nigam announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Rail Vikas Nigam has fixed 23 September 2024 as record date for payment of dividend. Powered by Capital Market - Live

Rail Vikas Nigam received Letter of Acceptance from SER HQELECTRICAL/SOUTH EASTERN RAILWAY for 'Design, Supply, Erection, Testing & Commissioning of 132 KV Traction Substation, Sectioning post (SPs), and Sub sectioning post (SSPs) in 2x25KV System on Kharagpur - Bhadrak section of Kharagpur division of South Eastern Railway to meet 3000MT.' The value of the order is Rs 202.87 crore. Powered by Capital Market - Live

The domestic equity benchmarks continued to trade with modest gains in early afternoon trade. The Nifty marched above the 25,250 mark. Consumer durables shares advanced for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex gained 316.18 points or 0.38% to 82,437.72. The Nifty 50 index added 105.35 points or 0.42% to 25,257.70. The Sensex and Nifty clocked an all-time high of 82,637.03 and 25,258.80, respectively in early trade. In the broader market, the S&P BSE Mid-Cap index rose 0.66% and the S&P BSE Small-Cap index gained 0.52%. The S&P BSE Mid-Cap index hit an all-time high at 49,172.41. The market breadth was strong. On the BSE, 2,236 shares rose and 1,583 shares fell. A total of 121 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.99% to 13.51. The Nifty 29 August 2024 futures were trading at 25,334.55, at a premium of 76.85 points as compared with the spot at 25,257.70. The Nifty option chain for the 5 September 2024 expiry showed maximum Call OI of 62.9 lakh contracts at the 26,000 strike price. Maximum Put OI of 67.4 lakh contracts were seen at 25,200 strike price. Buzzing Index: The Nifty Consumer Durables index rose 0.59% to 41,481.20. The index added 0.85% in two trading sessions. Crompton Greaves Consumer Electricals (up 2.57%), Dixon Technologies (India) (up 1.55%), Titan Company (up 1.17%), Kalyan Jewellers India (up 0.65%), Blue Star (up 0.22%), Havells India (up 0.08%) and Bata India (up 0.06%) edged higher. On the other hand, V-Guard Industries (down 1.3%), Voltas (down 1.2%) and Amber Enterprises India (down 1.06%) edged lower. Stocks in Spotlight: Rail Vikas Nigam (RVNL) rallied 3.52% after the company said that it has received letter of acceptance (LoA) from south eastern railway for a project worth Rs 202.87 crore. Jai Corp slipped 5.39%. The steel-to-spinning yarn manufacturer announced that its board has approved share buyback of upto Rs 117.77 crore at a price of Rs 400 per equity share through tender offer route.Powered by Capital Market - Live

The scope of the order involves design, supply, erection, testing & commissioning of 132 KV traction substation, sectioning post (SPs), and sub sectioning post (SSPs) in 2x25KV System on Kharagpur - Bhadrak section of Kharagpur division of South Eastern Railway to meet 3000MT. The cost of the project is Rs 202.87 crore and is expected to be completed in 18 months. Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc. The company's consolidated net profit tumbled 34.7% to Rs 223.92 crore in Q1 FY25 from Rs 342.90 crore reported in Q1 FY24. Revenue from operations dropped 26.88% to Rs 4,073.80 crore in the June quarter as compared with Rs 5,571.57 crore posted in Q1 FY24.Powered by Capital Market - Live

The domestic equity benchmarks continued to trade with minor gains in early afternoon trade. The Nifty traded above the 25,000 level. Financial services shares advanced for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex added 105.73 points or 0.13% to 81,805.61. The Nifty 50 index gained 31.65 points or 0.13% to 25,042.25. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.44% and the S&P BSE Small-Cap index gained 0.45%. The market breadth was strong. On the BSE, 2,211 shares rose and 1,598 shares fell. A total of 125 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.25% to 13.62. The Nifty 29 August 2024 futures were trading at 25,049.60, at a premium of 7.35 points as compared with the spot at 25,042.25. The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 83.2 lakh contracts at the 26,000 strike price. Maximum Put OI of 111 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Financial Services index added 0.60% to 23,525.70. The index gained 1.26% in the two consecutive trading sessions. Power Finance Corporation (up 2.77%), SBI Cards & Payment Services (up 2.55%), HDFC Asset Management Company (up 2.28%), ICICI Prudential Life Insurance Company (up 2.23%), REC (up 2.06%), SBI Life Insurance Company (up 1.99%), Muthoot Finance (up 1.54%), HDFC Life Insurance Company (up 1.47%), Bajaj Finserv (up 1.42%) and LIC Housing Finance (up 1.12%) advanced. Stocks in Spotlight: RVNL shed 0.35%. The company said that it has emerged the lowest bidder for signalling sections of Chennai Division project worth Rs 111.38 crore from Southern Railway. Bondada Engineering hit an upper circuit of 5% after the company announced that it has received a contract worth Rs 575.74 crore to execute solar projects across various districts in Maharashtra. Powered by Capital Market - Live