RVNL rises 4% after Rs 1.8 billion order from East Central Railway
RAILWAYS & METRO RAIL

RVNL rises 4% after Rs 1.8 billion order from East Central Railway

Shares of Rail Vikas Nigam Limited (RVNL) rose by up to 3.68% on November 7, 2024, reaching an intraday high of Rs 486.90. The stock's gain followed RVNL's announcement that it secured a Letter of Acceptance (LoA) for a Rs 1.8 billion project from East Central Railway.

The order involves the design, supply, erection, testing, and commissioning of a 2x25KV feeder line along the railway track, with modifications to the 25KV overhead electrification (OHE) system. The goal is to support a 3000 MT loading target for both up and down lines of the Garwa Road-Mahadiya section in Dhanbad Division, spanning 229 Route Kilometres (RKM) and 458 Track Kilometres (TKM). The project is expected to be completed within 18 months.

Based in New Delhi, RVNL specialises in rail infrastructure projects across India. Founded in 2003, it undertakes tasks such as new railway lines, doubling, gauge conversion, electrification, metro projects, and bridge construction. It also provides financial resource mobilisation services for its projects, serving clients like Indian Railways, government ministries, and public sector entities.

With a market capitalisation of Rs 1,001.95 billion, RVNL is listed under the BSE 200 category. (Business Standard)

Shares of Rail Vikas Nigam Limited (RVNL) rose by up to 3.68% on November 7, 2024, reaching an intraday high of Rs 486.90. The stock's gain followed RVNL's announcement that it secured a Letter of Acceptance (LoA) for a Rs 1.8 billion project from East Central Railway. The order involves the design, supply, erection, testing, and commissioning of a 2x25KV feeder line along the railway track, with modifications to the 25KV overhead electrification (OHE) system. The goal is to support a 3000 MT loading target for both up and down lines of the Garwa Road-Mahadiya section in Dhanbad Division, spanning 229 Route Kilometres (RKM) and 458 Track Kilometres (TKM). The project is expected to be completed within 18 months. Based in New Delhi, RVNL specialises in rail infrastructure projects across India. Founded in 2003, it undertakes tasks such as new railway lines, doubling, gauge conversion, electrification, metro projects, and bridge construction. It also provides financial resource mobilisation services for its projects, serving clients like Indian Railways, government ministries, and public sector entities. With a market capitalisation of Rs 1,001.95 billion, RVNL is listed under the BSE 200 category. (Business Standard)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code