Shares of Rail Vikas Nigam Limited (NSE: RVNL) are trading 4% higher at ₹603.00 following the announcement of a ₹202.87 crore contract from South Eastern Railway for a major electrification project.
Stock Performance Highlights:
- Current Price: ₹603.00 (+23.20, +4%)
- Day’s Range: ₹580.65 – ₹605.00
- Opening Price: ₹584.00
- Previous Close: ₹579.80
Contract Details:
- Value: ₹202,87,57,512.14 (₹202.87 crore)
- Duration: 18 months
- Scope: Design, Supply, Erection, Testing & Commissioning of 132 KV Traction Substation, Sectioning posts (SPs), and Sub sectioning posts (SSPs) in 2x25KV System
- Location: Kharagpur – Bhadrak section of Kharagpur division, South Eastern Railway
- Capacity: To meet 3000MT
The project, awarded by SER HQ-ELECTRICAL/SOUTH EASTERN RAILWAY, is a domestic contract with general contract conditions. RVNL is expected to execute this sizeable infrastructure project over the next 18 months, potentially boosting its revenue and operational profile.
Investors seem optimistic about this development, as reflected in the stock’s strong performance today. The contract’s substantial value and clear timeline provide concrete metrics for the market to assess its potential impact on RVNL’s future financial performance.
As trading continues, market watchers will be keen to see if RVNL can maintain these gains and how this project fits into the company’s overall order book and growth strategy.
