Shares of Rail Vikas Nigam Ltd (RVNL) surged 3% on 7 March, following the order win of Rs 156.35 crore from South Western Railway.
A Letter of Acceptance for engineering, procurement, and construction (EPC) has been given to the company by South Western Railway for the design, supply, erection, testing, and commissioning of a 2X25 KV OHE & PSI system (TSSs & SPs & SSPs), which includes electrical general services, engineering, and telecommunication works between Rayadurga Topavagada of TK-RDG section. The work must be finished within 18 months.
On 5 March, HPSEBL awarded the company a letter of acceptance (LoA) for Rs 729.82 crore to build distribution infrastructure in the Central Zone of Himachal Pradesh as part of the revised, reform-based, results-linked distribution sector project (Loss Reduction Work).
On 21 February, the company was the lowest bidder (L1) from South Western Railway for the engineering, procurement, and construction (EPC) of the 2×25 KV OHE & PSI System (TSSs, SPs & SSPs), which included electrical general services, engineering, and telecommunication works between Rayadurga and Topavagada of TK-RDG Section.
Earlier on 18 February, the company received a letter of acceptance (LoA) for a joint venture project worth Rs 554 crore for the Bengaluru Suburban Rail Project (BSRP) in Karnataka.
At 3:23 pm, the shares of RVNL were trading 1.14% higher at Rs 341.40 on NSE.
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