Rail Vikas Nigam Ltd (RVNL) shares climbed over 2% following the announcement of a significant contract win worth ₹642.56 crore from the Punjab State Power Corporation Limited (PSPCL).
The project, part of the Revamped Distribution Sector Scheme (RDSS), focuses on developing distribution infrastructure in Punjab’s central zone. It aims to reduce losses in High Tension (HT) and Low Tension (LT) networks and is slated for completion within 24 months.
This order reinforces RVNL’s expertise in executing large-scale infrastructure projects across railways, electrification, metro systems, and more. The stock’s rise reflects investor confidence in RVNL’s growing order book and operational capabilities.
As of 9:34 am, Rail Vikas Nigam shares were trading 1.64% higher at Rs 443.00 on the NSE.
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