RVNL will get a brand new order of ₹ 156.4 crore, shares can keep in give attention to Monday 24 February – INA NEWS

RVNL Share Worth: Rail Improvement Company Restricted (RVNL) has acquired a brand new order of Rs. 156.4 crore. The corporate mentioned that it has been chosen because the lowest bidder (L1) for the vital undertaking of South Western Railway. Underneath this undertaking, RVNL has been tasked with the design, provide, set up, testing and commissioning of the 2×25 KV overhead electrification (OHE) and Energy Provide (PSI) system. This work will probably be executed within the TK-RDG part between Rayadurga to Topavagada.

The corporate mentioned in an info despatched to the inventory markets that its contract consists of the setup of transmission substation (TSS), switching posts (SP) and sectioning and paralling posts (SSP). Other than this, Electrical Basic Companies, Engineering and Telecommunication are additionally included. The entire size of the undertaking is 99.463 RKM / 114.145 TKM.

In response to RVNL, the whole value of this undertaking is ₹ 156.36 crore. It’s focused to be accomplished in 18 months. RVNL has made it clear that it’s a home undertaking and has been authorized in line with SEBI guidelines. RVNL’s promoter group has no position on this contract, and it isn’t a associated celebration transaction.

Tell us that RVNL is a authorities firm working beneath the Indian Railway Ministry. It really works associated to creating and implementing railway infrastructure within the nation. RVNL shares fell 3.4% on NSE on Friday 21 February to shut at Rs 368.50. Nevertheless, the corporate’s shares have gained as much as 6% throughout this week. However for the reason that starting of this 12 months, it has fallen by greater than 13 p.c. The corporate’s present market cap is Rs 77,450 crore.

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