Rail Vikas Nigam Shares Surge 7% on Winning Rs 515 Crore Projects

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Rail Vikas Nigam Limited (RVNL) share price jumped 7% after securing contracts worth Rs 515 crore from Eastern and South Central Railways.

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RVNL received a Letter of Acceptance from Eastern Railway for constructing the Sitarampur bypass line under Asansol division. The project is valued at Rs 390 crore.

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The Sitarampur bypass line project is set to be completed in 24 months, further enhancing RVNL's infrastructure development portfolio.

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RVNL also won a Rs 440 crore contract from South Central Railway for doubling tracks between Ankai and Karanjgaon stations, including electrification and signaling.

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At 09:34 AM, RVNL shares were trading at Rs 378.25, up 7.06% on the BSE, reflecting positive market sentiment towards these new projects.

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Rail Vikas Nigam Shares Surge 7% on Winning Rs 515 Crore Projects

Rail Vikas Nigam Limited (RVNL) share price jumped 7% after securing contracts worth Rs 515 crore from Eastern and South Central Railways.

RVNL Shares Soar 7% on New Contracts

RVNL received a Letter of Acceptance from Eastern Railway for constructing the Sitarampur bypass line under Asansol division. The project is valued at Rs 390 crore.

Major Boost from Eastern Railway

The Sitarampur bypass line project is set to be completed in 24 months, further enhancing RVNL's infrastructure development portfolio.

Contract Details and Timeline

RVNL also won a Rs 440 crore contract from South Central Railway for doubling tracks between Ankai and Karanjgaon stations, including electrification and signaling.

Additional Contract from South Central Railway

At 09:34 AM, RVNL shares were trading at Rs 378.25, up 7.06% on the BSE, reflecting positive market sentiment towards these new projects.

Market Reaction and Performance