RVNLNSERail Vikas Nigam LimitedHighPositive
Announced Thu, 2 Apr · 18:27 IST

Rail Vikas Nigam Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Business Updates View source PDF

RVNL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹260.80
prior close
₹261.90
base price
After-mkt
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-2.5-2.5-2.7-2.0+0.3+5.7+4.6+5.6+4.6+12.9+18.5+16.8-12.8-10.2
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AI summary

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.

Likely market impact

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.