Shares of Rail Vikas Nigam Ltd (RVNL) surged 2% on 30 June after the corporate emerged because the lowest bidder (L1) for a Rs 213.22 crore contract from South Central Railway.
The work entails designing, supplying, putting in, testing, and commissioning overhead tools (OHE) upgrades from the present 1x25kV system to a 2x25kV AT feeding system with feeder and earthing works within the Duvvada-Rajamundry and Samalkot-Kakinada Port sections of the Vijayawada division below South Central Railway, in keeping with RVNL in an trade submitting. The contract might be completed inside 24 months.
In Might, the state-run company confirmed its income projection of Rs 20,000 to Rs 22,000 crore for the present fiscal 12 months regardless of a dismal FY25 efficiency.
MP Singh, Director of Operations at RVNL, stated, “We expect to realize the FY26 income steering as a result of a number of the massive initiatives we secured by means of bidding are actually below execution.”
The identical steering was offered for FY25. Nonetheless, the company fell quick as a result of a sluggish first half of the 12 months.
The excessive momentum generated by aggressive bidding initiatives is a serious supply of hope. “In FY25, income development from such initiatives was round 68%,” Singh stated,
These initiatives, together with BharatNet, metro infrastructure, and RDSS, are actually in the midst of their implementation, which is often when earnings stream comes up.
At 12:40 pm, the shares of Rail Vikas Nigam have been buying and selling 0.65% greater at Rs 397.60 on NSE.
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