Stock market today: Salasar, RVNL share price jumps after this fundamental update
Stock market today: Shares of Rail Vikas Nigam Limited (RVNL) and Salasar Techno Engineering ascended in early morning deals on Thursday. RVNL share price today opened flat at ₹22.60 apiece on NSE and went on to touch an intraday high of ₹239 per share level within a few minutes of stock market opening, recording an intraday rise of nearly 7 percent.
Though, Salasar share price today opened lower at ₹18.80 apiece on NSE, the engineering and infra stock gathered momentum after touching an intraday low of ₹18.75 per share and went on to touch an intraday high of ₹20.35 apiece, logging nearly 8.50 percent appreciation from its Thursday low. As per the exchange filing by RVNL with Indian stock market exchanges, "This is in continuation to our letter no.
RVNL/SECY/STEX/2024 dated 22.02.2024. In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that RVNL-SALASAR JV has received a Letter of Award (LoA) from Madhya Pradesh Power Transmission Co.
Ltd. for “Construction of 132 kV & 220 kV Transmission Lines and associated Feeder Bays on total Turnkey basis in Eastern MP." Yesterday Salasar Techno Engineering informed stock market exchanges about winning contracts aggregating to over ₹1,033 crore saying, “Salasar, a prominent player in the field of providing engineering and infrastructure solutions, has secured a NoIficaIon of Award (NOA) for 7 distinct contracts aggregately worth ₹10,337.8 Mn from Tamil Nadu GeneraIon and DistribuIon CorporaIon Limited (TANGEDCO)." As part of the contract, Salasar, operating within the framework of Revamped Reforms based and Results-linked, DistribuIon Sector Scheme: 1] Will deliver a
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