Rail Vikas Nigam (RVNL) share price gained in the opening trade on July 7 following Letter Of Award (LoA) from Southern Railway.
At 09:27am, Rail Vikas Nigam was quoting at Rs 394.30, up Rs 2.95, or 0.75 percent, on the BSE.
".... received LOA from Southern Railway for upgradation work of electric traction system from 1x25 kv to 2x25 kv traction system from Salem Jn. (SA)-Podanur Jn. (PTJ) & Irugur (IGU)-Coimbatore Jn. (CBE)-Podanur Jn. (PTJ) section of salem division of Southern Railway to meet 3000 MT loading target,” as per company filing.
The cost of work is Rs 143.37 crore and to executed in 24 months.
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On June 27, the company emerged as the lowest bidder (L1) from South Central Railway for for OHE upgradation of existing 1X25Kv system to 2X25Kv at feeding system with feeder and earthing works in DuvvadaRajahmundry & Samalkot- Kakinada Port section of Vijaywada Division under South Central Railway, total 195.5 RKM/391 TKM. The cost of work is Rs 213,22,48,546.62.
In May, company signed MoU with Texmaco Rail & Engineering to establish a framework for collaboration in areas of mutual interest, particularly in the field of railway infrastructure and allied sectors.
The share touched a 52-week high of Rs 647.00 and a 52-week low of Rs 295.25 on 15 July, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 39.06 percent below its 52-week high and 33.55 percent above its 52-week low.
The market capitalisation of the company stands at Rs 82,212.34 crore.
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