State-owned Rail Vikas Nigam Limited (RVNL) saw its shares surge over 2% on Tuesday after the company announced its emergence as the lowest bidder (L1) for a significant Central Railway project. The contract, valued at ₹137.17 crore (inclusive of taxes), focuses on upgrading the traction system in the Bhusaval-Khandwa section.
The project involves the design, supply, erection, testing, and commissioning of a 132/55 KV traction substation, sectioning posts, and sub-sectioning posts. Employing Scott-connected transformers, the initiative aims to support a loading capacity of 3,000 MT under the 2×25 KV traction system. The project will be executed on an engineering, procurement, and construction (EPC) mode, with an expected timeline of two years.
RVNL disclosed this achievement in a regulatory filing on Monday, stating, “Rail Vikas Nigam Ltd emerges as the Lowest Bidder (L1) from Central Railway for the project to meet a 3,000 MT loading target on EPC mode.”
The successful bidding is set to bolster RVNL’s order book and enhance its role in supporting India’s railway infrastructure development. Shares of RVNL are trading at ₹416.40, reflecting a 1.98% increase, as of Tuesday morning.
Rail Vikas Nigam Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Mon, Dec 30 2024
|
₹425.00
|
₹408.30
|
-4.05%
|
|
Fri, Dec 27 2024
|
₹427.70
|
₹425.55
|
-0.50%
|
|
Thu, Dec 26 2024
|
₹429.75
|
₹427.70
|
-0.20%
|
|
Tue, Dec 24 2024
|
₹430.00
|
₹428.55
|
-0.24%
|
|
Mon, Dec 23 2024
|
₹437.70
|
₹429.60
|
-0.84%
|
|
Fri, Dec 20 2024
|
₹451.55
|
₹433.25
|
-3.39%
|
|
Thu, Dec 19 2024
|
₹438.50
|
₹448.45
|
-1.97%
|
|
Wed, Dec 18 2024
|
₹466.85
|
₹457.45
|
-2.32%
|
