Shares of Rail Vikas Nigam Limited (RVNL) rose over 3% after the company was declared the lowest bidder for a project worth ₹739 crore by the Himachal Pradesh State Electricity Board Limited (HPSEBL). The project involves developing distribution infrastructure in the central zone of Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector Scheme.
Key Highlights:
– Project Value: ₹739.07 crore
– Project Scope: Development of distribution infrastructure in Himachal Pradesh’s central zone
– Shares Performance: As of 9:40 AM, RVNL shares were trading 2.05% higher at ₹618.75 on the NSE
Company Background:
Rail Vikas Nigam Limited, a Public Sector Undertaking, is tasked with developing, financing, and implementing rail infrastructure projects. The company’s recent success in securing the HPSEBL project underscores its capacity and strategic focus on expanding its project portfolio.
