RVNL Rides High on Rs 391 Crore Eastern Railway Contract!

Rail Vikas Nigam saw a notable increase of 6.84% in its stock price, reaching Rs 377.45, following the announcement of receiving a Letter of Acceptance (LoA) from Eastern Railway. The LoA pertains to a significant project valued at Rs 390.97 crore. 

This project entails the construction of the Sitarampur bye pass line within the Asansol Division of Eastern Railway. The contract for this project is expected to be completed within a stipulated period of 24 months. This development signals positive growth prospects for Rail Vikas Nigam as it ventures into executing this substantial railway infrastructure project.

News by Rahul Yelligetti