RVNL wins Rs 156 cr Southern Railway signal project

Rail Vikas Nigam Limited (RVNL) has secured a significant contract worth Rs 156 crore from Southern Railway. This development led to a 3% surge in RVNL's share price, reflecting investor confidence.

The project involves crucial infrastructure enhancements aimed at improving railway operations in the Southern region. RVNL's proven track record in executing large-scale railway projects played a key role in securing this contract.

This order is part of Southern Railway's ongoing efforts to modernize and expand its network, ensuring better connectivity and efficiency. The project is expected to boost the region's economic growth by facilitating smoother transportation.

Investors reacted positively to the news, driving RVNL shares up by 3% on the stock market. This contract win reinforces RVNL's position as a leading player in the railway infrastructure sector.

News by Rahul Yelligetti