BAJAJ BROKING
RVNL secures a ₹191.53 crore project to upgrade South Eastern Railway's electric traction system. The project is to be completed in 18 months. RVNL shares rose 0.46% on Wednesday and the market cap hit ₹1.23 lakh crore. .
Rail Vikas Nigam Ltd (RVNL) has announced a significant contract win, receiving a Letter of Acceptance from South Eastern Railway for a project worth ₹191.53 crore. This contract marks a notable milestone for RVNL and reinforces its standing in the infrastructure development sector.
The awarded project involves the design, supply, erection, testing, and commissioning of a 132 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) within a 2x25KV system on the Rajkhaswan-Nayagarh-Bolani section of the Chakradharpur division in South Eastern Railway.
The completion timeline for this project is set at 18 months, with the goal of meeting a 3,000 million-tonne loading target.
Explore: Rail Vikas Nigam Limited Share Price
This contract underscores RVNL's capability in handling complex infrastructure projects and aligns with its strategic goals of expanding its footprint in the railway sector. The project is critical for enhancing the efficiency and capacity of the South Eastern Railway, contributing to the broader objectives of Indian Railways.
Following the announcement, RVNL share price saw a modest rise of 0.46% on the BSE. The trading session saw 20.70 lakh shares changing hands, amounting to a turnover of ₹123.21 crore. This positive movement in RVNL stock pushed its market capitalization to ₹1.23 lakh crore.
RVNL shares price has exhibited high volatility over the past year, with a one-year beta of 1.3. The stock's 52-week low was ₹119.75 on July 28, 2023, while it reached a record high of ₹647 on July 15, 2024.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
India’s Alcoholic Beverage Exports to Grow 20% in 2024-25
18 Oct, 2024 | 2 Min. read
Share Market Today | Gift Nifty Indicates Flat Opening, Consolidation Likely
18 Oct, 2024 | 4 Min. read
Zomato and Zepto Plan New Fundraising Through QIP
18 Oct, 2024 | 2 Min. read
IGL and MGL Share Price Hit After APM Gas Allocation Cut
18 Oct, 2024 | 2 Min. read
Tech Mahindra Q2 Results FY24-25 Preview | Estimate
18 Oct, 2024 | 1 Min. read
India-UK Free Trade Agreement Talks to Resume in November
18 Oct, 2024 | 2 Min. read
Commodities Market Today | WTI Crude Rises to $70.75, Gold Gains, Silver Falls
18 Oct, 2024 | 1 Min. read
Gold Rate Today | Gold Rises 0.6%, Silver Drops 0.3% in Latest Trading
18 Oct, 2024 | 2 Min. read
PC Jeweller Q2 Results FY24-25 Preview | Estimate
18 Oct, 2024 | 1 Min. read
Tata Communications Q2 Results FY24-25 Highlights
17 Oct, 2024 | 2 Min. read
Havells India Q2 Results FY24-25 Highlights, Revenue and Profit Surge
17 Oct, 2024 | 2 Min. read
Polycab Q2 Results FY24-25 Highlights
17 Oct, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading