Rail Vikas Nigam Limited has informed the Exchange about Bagging/Receiving of orders/contracts
RVNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 1.0 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rail Vikas Nigam Limited has received a Letter of Award (LOA) from South Central Railway for upgrading the Overhead Equipment (OHE) system from 1X25kV to 2X25kV AT Feeding System. The project covers the Ongole-Gudur section (154 RKM/462 TKM) of Vijayawada Division. The contract includes design, supply, erection, testing, and commissioning with feeder and earthing works. The total contract value is Rs 242.50 crore including applicable taxes, with a completion timeline of 24 months. This is a domestic order from Indian Railways awarded under general contract conditions.
This is a positive development as RVNL secures a fresh order worth Rs 242.5 crore, representing railway electrification work in its normal course of business. The order provides revenue visibility over 2 years but is not large enough to materially impact near-term stock performance.