RVNL received an order for a rail project from East Central Railway

A New Delhi-based business called Rail Vikas Nigam Limited specializes in building rail infrastructure projects all over the nation. Since its founding in 2003, the company has been actively involved in the development and execution of numerous railway projects, such as the construction of cable-stayed bridges, new lines, doubling, gauge conversion, railway electrification, workshops, metro projects, bridges, and institution buildings. It also provides financial resource mobilization services to help fund its initiatives. Indian Railways, state and federal government ministries and departments, and public sector projects are among the clients served by Rail Vikas Nigam Limited.

East Central Railway provided LoA to RVNL

After the company revealed that it had obtained a letter of acceptance (LoA) for an order from East Central Railway valued at more than Rs 180 crore, the price of RVNL’s shares increased.

This is to inform you that East Central Railway has granted Rail Vikas Nigam Limited a Letter of Acceptance for the “Design, Supply, Erection, Testing, and Commissioning of a 2x25KV feeder line along the track with 25KV OHE modification works to meet the 3000 MT loading target for the UP & DN line of the Garwa Road-Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM)” (Tender No: EL-Proj-DNR-ETEN-04-23-24), RVNL said in an exchange filing.

Work specifications for the East Central Railway

Along with making adjustments to the 25KV overhead electrification (OHE) system, RVNL is responsible for designing, supplying, constructing, testing, and commissioning a 2x25KV feeder line along the track. This is to satisfy the 3000 MT loading requirement for the UP and DOWN lines of the East Central Railway’s Dhanbad Division’s Garwa Road-Mahadiya section. The entire scope includes 458 track kilometres and 229 routine kilometres. The project is anticipated to be finished in 18 months at an exact cost of Rs 180.01 crore.

RVNL stock jumped today 4% in intraday

RVNL stock is traded at Rs. 486.70 per share, which is 4% up today in the intraday segment, where before the end of the day, the stock settled at Rs. 476.15. The market capitalisation of RVNL is Rs 1,00,195.64 crore, according to BSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.