RVNL wins order worth Rs 87 crore from South Eastern Railway; shares trade flat

RVNL

Rail Vikas Nigam share price down marginally on January 19 despite company receiving an order worth Rs 87 crore from South Eastern Railway.

At 09:24am, Rail Vikas Nigam was quoting at Rs 334.75, down Rs 0.40, or 0.12 percent, on the BSE.

".... emerges as the lowest bidder from South Eastern Railway for supply, installation and commissioning of IP based video surveillance system (VSS) in LHB coaches with 4 cameras version 3.1 or latest including Rugged Hand Held Terminal (HHT)/ Tablet along with 8 TB external SSD, company said in its exchange filing.

The total cost of the contract is Rs 87,55,64,424 and is to be executed in 10 months from the date of issue of purchase order.

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Earlier in this month, the company received LOA from East Coast Railway for setting up of wagon POH workshop of 200 Nos. capacity at Kantabanji of Rs 201,23,47,556.55.

In the previous trading session, the share closed at Rs 335.30, down Rs 3.05, or 0.90 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 33.15 percent below its 52-week high and 13.56 percent above its 52-week low.

The market capitalisation of the company stands at Rs 69,910.72 crore.

The share price fell 18 percent in the last one-year.