Shares of Rail Vikas Nigam Ltd (RVNL) are expected to be in focus on Monday, July 14, after the company announced securing a significant work order worth Rs 213.22 crore from South Central Railway.The order pertains to the upgradation of the Overhead Equipment (OHE) system in the Vijayawada Division.According to the companys regulatory filing, RVNL has received a Letter of Acceptance (LOA) for the Design, Supply, Erection, Testing and Commissioning for OHE upgradation of existing 1X25kV system to 2X25kV AT feeding system with feeder and earthing works at the DuvvadaRajahmundry and SamalkotKakinada Port sections.
The total length covered under the project spans 195.5 RKM / 391 TKM.The awarded project is valued at Rs 213.22 crore and is expected to be executed within 24 months.RVNL clarified that the awarded work is in the normal course of its business and falls under general contract conditions.Live EventsThe order marks another domestic contract for RVNL, which continues to secure railway infrastructure projects across the country.
The project aims to strengthen the power supply infrastructure of South Central Railway, contributing to the railway zones operational efficiency.
: F&O trade volumes slump nearly 20% after Sebi ban on Jane StreetOver the past one year, the shares of RVNL have declined by 39.44%.
On a year-to-date (YTD) basis, it is down 10.81%, while over the last six months, the stock has fallen 2.99%.
However, in the last three months, it has registered a gain of 10.21%.
Over the past one month, the stock has dropped by 10.76%.RVNL shares closed 0.8% lower at Rs 381.55 on the BSE on Friday.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
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