Announced Wed, 17 Jun · 18:50 IST
RVNL gets Rs 968 crore railway bridge construction order from East Coast Railway
RVNL · price
▲ 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
-0.5%1-day move
₹245.54
prior close
₹251.02
base price
After-mkt
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-1.3-1.5-1.4-1.7-0.5-0.1-2.5-2.3-2.0-3.9-5.1-7.5——
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AI summary
Rail Vikas Nigam received a Letter of Acceptance from East Coast Railway for bridge construction work on the Bhadrak-Vizianagaram section (385 km). The order is worth Rs 967.93 crore including 18 percent GST, to be executed in 1095 days on EPC mode. Work includes four major bridges over rivers Birupa, Mahanadi, Kathjori, and Kuakhai. Domestic order, no related party involvement.
Likely market impact
New domestic government order adds to RVNL's order book, providing revenue visibility over the next 3 years.