Rail Vikas Nigam gains on securing LoA worth Rs 201.23 crore [Infrastructure]
AI Summary1 min read
TL;DR
Rail Vikas Nigam's stock rises after securing a Letter of Acceptance (LoA) valued at Rs 201.23 crore for infrastructure projects, highlighting its role in executing railway developments from design to commissioning.
Tags
Engineering - ConstructionInfrastructureRail Vikas NigamRailway ProjectsLoAStock Market
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. It generally works on a turnkey basis and undertake the full cycle of project development from conceptualization to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management, etc. and all stages of project execution upto the stage of commissioning of the new railway lines.