Tracks Upgraded! RVNL Clinches ₹72 Crore Project for North Central Railways

Rail Vikas Nigam Limited (RVNL), a prominent player in rail infrastructure, has clinched yet another significant order for a railway project. The company recently disclosed to the exchanges its successful bid as the lowest bidder for a project from North Central Railways.

The project entails the provision of EI-based automatic signalling, continuous track circuiting, and associated works, including indoor alterations in electronic interlocking, RRI, and PI stations. It is designated for the Dhaulpur-Gwalior section of the Jhansi division, North Central Railway, with an estimated value of approximately ₹72.73 crore. The project is slated for completion within 455 days.

This latest order comes in the wake of RVNL securing another substantial contract from Nagpur Metro, valued at around ₹187 crore. The company's stock has witnessed a remarkable surge in response to a robust influx of orders and strong quarterly performance. Over the past month alone, RVNL has amassed orders exceeding ₹700 crore, driving its stock price up by more than 28%.

Despite the positive developments, RVNL's share price experienced a slight dip of 1.39%, settling at ₹371.50 during late trading hours on Tuesday. Investors and industry analysts are closely monitoring RVNL's growth trajectory, anticipating further developments and potential upside in the wake of its recent successes.

News by Rahul Yelligetti