Shares of Rail Vikas Nigam Ltd (RVNL) skyrocketed 11% on 16 Might after the corporate introduced securing a contract to improve their current electrical traction system.
In its regulatory submitting, the corporate stated, “RVNL has acquired LOA from Central Railway for OHE Modification Work for Up-gradation of current 1×25 KV Electrical Traction System to 2×25 KV at Feeding System in Itarsi – Amla Part in Nagpur Division of Central Railway to satisfy 3000 MT Loading Goal.”
The corporate’s board of administrators has scheduled a gathering on 21 Might 2025 to guage and approve the audited monetary outcomes (standalone and consolidated) for the quarter and 12 months ended 31 March 2025.
The improve can be carried out within the Itarsi–Amla part of the Nagpur Division. The revamped traction system is designed to help freight trains with a great deal of as much as 3,000 metric tonnes (MT), aiming to spice up the effectivity of one of many area’s key freight routes.
The undertaking is valued at Rs 115.79 crore (Rs 115,79,37,241.11, together with all relevant taxes). Rail Vikas Nigam Ltd (RVNL) introduced the contract award by means of a inventory trade submitting, stating that the undertaking was secured as a part of its common enterprise actions.
Fashioned in 2003, RVNL serves because the undertaking execution arm of the Ministry of Railways, targeted on delivering crucial transportation infrastructure initiatives throughout India. The PSU has performed a pivotal position in advancing railway modernisation and increasing community capability.
At 11:52 am, the shares of RVNL had been buying and selling 10.27% increased at Rs 414.90 on NSE.
Curious About Rail Vikas Nigam Ltd? Ask the Analyst.
Bored with guessing shares to commerce in each day?
Unicorn Alerts empowers you with highly effective instruments like each day inventory scans for Intraday, Swing & Investing, Market Predictions and far more. Obtain the Unicorn Alerts app right this moment and take management of your investments!
