Shares of Rail Vikas Nigam Ltd (RVNL) surged 3% on 7 March, following the order win of Rs 156.35 crore from South Western Railway.
A Letter of Acceptance for engineering, procurement, and building (EPC) has been given to the corporate by South Western Railway for the design, provide, erection, testing, and commissioning of a 2X25 KV OHE & PSI system (TSSs & SPs & SSPs), which incorporates electrical normal companies, engineering, and telecommunication works between Rayadurga Topavagada of TK-RDG part. The work should be completed inside 18 months.
On 5 March, HPSEBL awarded the corporate a letter of acceptance (LoA) for Rs 729.82 crore to construct distribution infrastructure within the Central Zone of Himachal Pradesh as a part of the revised, reform-based, results-linked distribution sector mission (Loss Discount Work).
On 21 February, the corporate was the bottom bidder (L1) from South Western Railway for the engineering, procurement, and building (EPC) of the two×25 KV OHE & PSI System (TSSs, SPs & SSPs), which included electrical normal companies, engineering, and telecommunication works between Rayadurga and Topavagada of TK-RDG Part.
Earlier on 18 February, the corporate acquired a letter of acceptance (LoA) for a three way partnership mission value Rs 554 crore for the Bengaluru Suburban Rail Venture (BSRP) in Karnataka.
At 3:23 pm, the shares of RVNL have been buying and selling 1.14% larger at Rs 341.40 on NSE.
Obtained Rail Vikas Nigam Ltd Questions? The Analyst is Prepared.
Uncover the subsequent large funding! Unicorn Alerts’ IPO screener helps you establish promising preliminary public choices. Obtain Unicorn Alerts and get forward of the curve! Signal Up Now & Discover Your Subsequent IPO Gem!
