Rail Vikas Nigam (RVNL) share price gained 1 percent in the early trade on October 20 following the company received an order worth RS 144 crore from South Central Railway.
At 09:20am, Rail Vikas Nigam was quoting at Rs 334.90, up Rs 3.20, or 0.96 percent, on the BSE.
".... emerges as the lowest bidder (L1) in reverse auction from South Central Railway for design, supply, erection, testing and commissioning for OHE up gradation of existing 1X25kV system to 2X25kV AT feeding system with feeder and earthing works in Ramgundam (RDM) – Kazipet (KZJ) section of Secunderabad division under South Central Railway, Total 92 RKM/ 276 TKM," company said in its release.
The cost of work is Rs 144,44,51,878.04 and to be executed in 18 months.
Catch all the market action on our live blog
Earlier in this month, the company bagged an order of Rs 40 crore from Western Railway for contract for strengthening of S&T maintenance activities by providing round
the clock manpower for maintenance, repair and upkeep of signaling and telecom gears installed at various locations of Ahmedabad Division for two years.
Also, last month, the company received an order of Rs 145 crore from Southern Railway for design, supply, erection, testing & commissioning of traction sub stations.
In the previous trading session, the share closed at Rs 331.70, down Rs 4.45, or 1.32 percent.
The share touched a 52-week high of Rs 501.55 and a 52-week low of Rs 295.25 on 01 February, 2025 and 07 April, 2025, respectively.
Currently, the stock is trading 33.23 percent below its 52-week high and 13.43 percent above its 52-week low.
The market capitalisation of the company stands at Rs 69,827.32 crore.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
