RVNL banal ended 0.18% higher astatine Rs 391.35 connected Friday. Market headdress of nan patient stood astatine Rs 81,597 crore.
The multibagger railway banal deed a grounds precocious of Rs 647 connected July 15, 2024. On nan different hand, RVNL banal has risen 220% successful 2 years and gained 1194% successful 3 years.
Shares of Rail Vikas Nigam Limited (RVNL) are successful attraction coming arsenic nan nationalist assemblage endeavor has inked an statement (LoA) for an bid worthy Rs 143.3 crore from South Central Railway. The statement involves activity of nan electrical traction strategy of Salem section of nan Southern Railway.
RVNL banal ended 0.18% higher astatine Rs 391.35 connected Friday. Market headdress of nan patient stood astatine Rs 81,597 crore.
The multibagger railway banal deed a grounds precocious of Rs 647 connected July 15, 2024. On nan different hand, RVNL banal has risen 220% successful 2 years and gained 1194% successful 3 years.
In play up to six months, nan banal is down 9.40%.
"Rail Vikas Nigam Limited has received LOA from Southern Railway for 'Upgradation activity of Electric traction strategy from 1x25 kv to 2x25 kv traction strategy from Salem Jn. (SA)-Podanur Jn. (PTJ) & Irugur (IGU)-Coimbatore Jn. (CBE)-Podanur Jn. (PTJ) conception of salem section of Southern Railway to meet 3000 MT loading target," a banal speech filing said connected July 5.
The activity involves upgrading nan electrical traction strategy from 1x25 kV to 2x25 kV traction strategy for Salem Junction - Podanur Junction & Irugur - Coimbatore Junction -Podanur Junction. Thorugh nan updated system, Southern Railway will beryllium capable to meet nan 3,000 MT loading target, according to nan update.
The costs of nan activity is Rs 143.3 crore. The statement is to beryllium completed wrong 24 months.
On June 30, nan institution was declared arsenic nan lowest bidder for an bid worthy Rs 213.22 crore from South Central Railway. In May, nan institution reaffirmed its gross guidance of Rs 20,000 crore to Rs 22,000 crore for nan ongoing fiscal, contempt a subdued FY25 performance.
RVNL acts arsenic nan building branch of nan Ministry of Railways, dedicated to executing high-priority proscription infrastructure projects passim India. The PSU has been instrumental successful accelerating railway modernization and capacity enhancement efforts.
Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.
Published on: Jul 7, 2025 8:46 AM IST