RVNL wins Rs 144 cr OHE upgradation order from South Central Railway
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 in line with Nifty Midcap 150 and 1.0 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.
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RVNL received a Letter of Acceptance from South Central Railway for OHE upgradation work on the Ramgundam-Kazipet section of Secunderabad Division. The project covers 92 RKM/276 TKM and involves upgrading the existing 1X25kV system to 2X25kV AT feeding system. The order is worth Rs 144.44 crore including taxes, with an 18-month execution timeline. This is a domestic order in the normal course of business.
Adds Rs 144.44 crore to order book; reinforces RVNL's core railway infrastructure business. Modest impact given large existing order book.