Shares of Rail Vikas Nigam Ltd (RVNL) are buying and selling flat after touching a day’s excessive of Rs 391.45 on fifteenth July, after the corporate introduced yesterday that it has acquired a Letter of Award (LOA) from Delhi Metro Rail Company Restricted (DMRC) for a mission underneath the Delhi MRTS Section-IV.
The contract awarded to RVNL consists of designing and constructing a 7.298 km viaduct, together with platforms for seven Delhi Metro stations: Pushp Vihar, Saket District Courtroom, Pushpa Bhawan, Chirag Delhi, GK-1, Andrews Ganj, and Lajpat Nagar.
It additionally covers pre-engineered constructing buildings for all stations alongside the Lajpat Nagar–Saket G Block hall. The whole contract worth is Rs 447.42 crore (together with 18% GST), with a completion timeline of 36 months.
Final week, RVNL additionally signed a Letter of Settlement value Rs 143.3 crore with South Central Railway. The mission entails upgrading the electrical traction system in Southern Railway’s Salem division—from 1×25 kV to 2×25 kV—overlaying Salem Jn to Podanur Jn and Irugur to Coimbatore Jn. The improve will assist meet a 3,000 MT loading goal, and the mission is scheduled for completion in 24 months.
At 1:10 PM, the shares of RVNL had been buying and selling 0.52% increased at Rs 384.30 on NSE.
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