RVNL gets Rs 1,201 cr order from Northern Railway for Varanasi bridge
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 0.5 pts less than Nifty Midcap 150 and 0.2 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
RVNL received Letter of Acceptance from Northern Railway for a new rail-cum-road bridge over river Ganga near Kashi Railway Station in Varanasi, Uttar Pradesh. Total project cost is Rs 1,201.36 crore inclusive of taxes, to be completed in 48 months. RVNL holds 60 percent share in joint venture with GPT Infraprojects (40 percent), so RVNL's share is about Rs 720.81 crore. Work covers design and construction including four rail tracks on lower deck and six-lane road on upper deck.
Positive: New government order strengthens order book. Domestic project, normal course of business.