Rail Vikas Nigam Limited (RVNL) shares surged over 3% after the company secured a significant contract from South Western Railway. As of 9:28 AM, the shares were trading 2.33% higher at Rs 345.40.
The state-owned firm received a letter of acceptance for an engineering, procurement, and construction (EPC) contract worth Rs 156.36 crore, inclusive of applicable taxes.
The project involves the design, supply, erection, testing, and commissioning of a 2X25 KV overhead electrification (OHE) & power supply installation (PSI) system, along with electrical general services, engineering, and telecommunication works. It covers the Rayadurga-Topavagada section of the TK-RDG railway line and is set for completion within 18 months.
The latest contract strengthens RVNL’s order book, reinforcing its position in India’s railway infrastructure sector. Investors are keenly watching whether this development will trigger a reversal in the stock’s performance.
RVNL (Rail Vikas Nigam Limited) shares opened at ₹340.00, reaching a high of ₹348.35 and a low of ₹335.00. The stock has a 52-week high of ₹647.00 and a low of ₹213.05.
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