RVNL Shares Rally 3% After Winning Rs 116-Crore Central Railway Contract in Nagpur

The share price of Rail Vikas Nigam reached a 52-week high of Rs 647.00 on July 2024 and a 52-week low of Rs 220.00 on April 15, 2024. Over the past year, the share price has increased by almost 42%.

After the business received an order worth Rs 115 crore, the share price of Rail Vikas Nigam increased more than 1% in the opening trading on March 25 and continued to rise for the sixth day in a row. On the BSE, Rail Vikas Nigam was trading at Rs 376.65 at 09:19 a.m., up Rs 5.10, or 1.37 percent.

Emerged as Central Railway’s lowest bidder (L1) for the OHE modification work to upgrade the current 1×25 KV electric traction system to a 2×25 KV feeding system in the Itarsi-Amla section of the Central Railway’s Nagpur division to fulfill the 3000 MT loading objective, the business announced. Within 24 months, the order must be completed.

The National Highway Authority of India gave the business a Letter of Acceptance on March 20th for building a six-lane access-controlled connection to Visakhapatnam Port Road of NH 516C on Hybrid Annuity Mode in the State of AP under NH (O) on Hybrid Annuity Mode.

Earlier this month, South Western Railway sent the company a Letter of Acceptance for Rs 156.35 crore for engineering, procurement, and construction (EPC) for the design, testing, and commissioning of a 2X25 KV OHE & PSI system (TSSs & SPs & SSPs), which includes engineering, telecommunication, and electrical general services between Rayadurga Topavagada of the TK-RDG section. On July 15, 2024, the share reached a 52-week high of Rs 647.00; on April 15, 2024, it reached a 52-week low of Rs 220.00.

The stock is now trading 71.2 percent above its 52-week low and 41.79 percent below its 52-week high. The current market capitalization is Rs 78,532.28 crore. Over the past year, the share price has increased by over 44%.