1 month, 2 weeks ago

RVNL bags ₹156 crore project: Stock up 10% in 4 session on regular order wins

Stock Market today: RVNL announced ₹156 crore project order win from South Western Railway. RVNL Stock is up almost 10% in 5 trading sessions on back to back order wins RVNL share price movement RVNL share price though opened at 367.45 on the BSE on Monday, slightly lower than its previous days closing price of ₹371.60 and markets were under pressure and stock market crashed and Sensex was down 700 point. RVNL order details Rail Vikas Nigam Limited on 21 February post market hours announced emerging as the Lowest Bidder from South Western Railway. The works are to be done between Rayadurga and Topavagada in the TK-RDG section While the project cost or the Cost of work is ₹156,35,8 1,976.60/ - including applicable taxes, Time period by which the order/contract is to be executed stands at 18 months RVNL other order wins RVNL on 20 February 2024 also had announced signing of Project Implementation Agency Agreement for UP and UP of BSNL Tender.

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