RVNL rises 4% after Rs 1.8 billion order from East Central Railway


Shares of Rail Vikas Nigam Limited (RVNL) rose by up to 3.68% on November 7, 2024, reaching an intraday high of Rs 486.90. The stock's gain followed RVNL's announcement that it secured a Letter of Acceptance (LoA) for a Rs 1.8 billion project from East Central Railway.

The order involves the design, supply, erection, testing, and commissioning of a 2x25KV feeder line along the railway track, with modifications to the 25KV overhead electrification (OHE) system. The goal is to support a 3000 MT loading target for both up and down lines of the Garwa Road-Mahadiya section in Dhanbad Division, spanning 229 Route Kilometres (RKM) and 458 Track Kilometres (TKM). The project is expected to be completed within 18 months.

Based in New Delhi, RVNL specialises in rail infrastructure projects across India. Founded in 2003, it undertakes tasks such as new railway lines, doubling, gauge conversion, electrification, metro projects, and bridge construction. It also provides financial resource mobilisation services for its projects, serving clients like Indian Railways, government ministries, and public sector entities.

With a market capitalisation of Rs 1,001.95 billion, RVNL is listed under the BSE 200 category. (Business Standard)

Related Stories

RVNL Wins Rs 4 Bn Project From East Coast Railway In Odisha

The project involves the execution of 27 major bridges.

HFCL Secures Rs 2,167 Crore BharatNet Contract from RVNL

The contract includes the supply of optical fibre cables, telecom equipment,

RVNL-URCC JV Starts Casting Segments for Indore Metro’s Package I..

RVNL – URCC secured Package IN-04 from the Madhya Pradesh Metro Rail Corporation (MPMRCL) for Rs 5.43 billion in March 2..