The share value of Rail Vikas Nigam Ltd (RVNL) rose greater than 3% on 25 March after the corporate received an order price Rs 115 crore.
In its regulatory submitting, the corporate mentioned, “RVNL has emerged because the lowest bidder (L1) 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 fulfill 3000 MT loading goal.”
The order have to be fulfilled inside 24 months.
Earlier on 20 March, the corporate acquired a Letter of Acceptance from the Nationwide Freeway Authority of India for establishing a six-lane access-controlled hyperlink to Visakhapatnam Port Street of NH 516C on Hybrid Annuity Mode within the State of Andhra Pradesh below NH (O) on Hybrid Annuity Mode.
Earlier this month, South Western Railway despatched the corporate a Letter of Acceptance for Rs 156.35 crore for engineering, procurement, and development (EPC) for the design, provide, erection, testing, and commissioning of a 2X25 KV OHE & PSI system (TSSs & SPs & SSPs), which incorporates engineering, telecommunication, and electrical basic providers between Rayadurga Topavagada of the TK-RDG part.
Nevertheless, at 3:30 pm, the shares of Rail Vikas Nigam shed all their features and closed 0.42% decrease at Rs 370 on NSE.
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