Gujarat Metro Rail Corporation (GMRC) Limited has placed an order of Rs 166 crore with Rail Vikas Nigam Limited, the business reported in an exchange filing on January 5, 2023. The work order calls for designing, supplying, installing, testing, and commissioning ballastless track from Sarthana to Dream city in elevated and underground sections, as well as connecting lines to the depot, for Corridor-I, Surat Metro Rail Project, Phase-I. The estimated completion time for the project is 22 months.
The Indian government established Rail Vikas Nigam Limited in 2003. It is in the business of carrying out all kinds of railway infrastructure projects. The corporation specialises in building new railroad lines, infrastructure, and gauge change.
The stock started trading at Rs. 73.70 today, with a high and low of Rs. 74.25 and Rs. 72.80. The stock has increased by 1.46 percent to Rs 73.05 at the moment of trading.
The company’s stock has returned nearly 100% over the past year and roughly 130% over the past six months since it was first issued.
52-week high and low prices for the stock are Rs 84.15 and Rs 29.00, respectively. With a market capitalization of Rs 15,213.07 crore, the company has a ROCE of 16.8% and a ROE of 19.7%.