RVNL Shares Gain 2% on Securing Rs 221 Crore Order 

Shares of Rail Vikas Nigam Limited (RVNL) were trading almost 3% higher on 13 May after the company announced securing an EPC contract of Rs 221.3 crore from South East Central Railway for signalling and telecommunications upgrades in the Bilaspur division.

The project includes replacing panel interlocking with electronic interlocking systems, installing indoor and outdoor signalling equipment, OFC huts, constructing and electrifying S&T service buildings, and cabling multiple stations, including BSPR, KLPG, ABKP, KTMA, and CHRM. The contract must be executed within 730 days.

Earlier, on 16 April, the company announced that it had emerged as the L1 for a project granted by East Coast Railway that involved the construction of critical railway bridges on the Bhadrak-Vizianagaram route. The overall contract value is Rs 967.9 crore, including 18% GST.

According to the exchange filings, the project includes the third and fourth lines between Nergundi-Barang (22 km) and Khurda Road-Vizianagaram (363 km), for a total of 385 km. It includes the construction of important bridges over the rivers Birupa, Mahanadi, Kathajori, and Kuakhai using open web steel girders on an EPC basis.

At 11:04 am, the shares of RVNL were trading 0.46% higher at Rs 284.60 on NSE.

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