Shares of Rail Vikas Nigam Ltd (RVNL) are trading flat after touching a day’s high of Rs 391.45 on 15th July, after the company announced yesterday that it has received a Letter of Award (LOA) from Delhi Metro Rail Corporation Limited (DMRC) for a project under the Delhi MRTS Phase-IV.

The contract awarded to RVNL includes designing and building a 7.298 km viaduct, along with platforms for seven Delhi Metro stations: Pushp Vihar, Saket District Court, Pushpa Bhawan, Chirag Delhi, GK-1, Andrews Ganj, and Lajpat Nagar.

It also covers pre-engineered building structures for all stations along the Lajpat Nagar–Saket G Block corridor. The total contract value is Rs 447.42 crore (including 18% GST), with a completion timeline of 36 months.

Last week, RVNL also signed a Letter of Agreement worth Rs 143.3 crore with South Central Railway. The project involves upgrading the electric traction system in Southern Railway’s Salem division—from 1×25 kV to 2×25 kV—covering Salem Jn to Podanur Jn and Irugur to Coimbatore Jn. The upgrade will help meet a 3,000 MT loading target, and the project is scheduled for completion in 24 months.

At 1:10 PM, the shares of RVNL were trading 0.52% higher at Rs 384.30 on NSE.

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