Shares of Rail Vikas Nigam Limited (RVNL) were trading 3% higher on 7 June after the company announced a bagging order worth Rs 495 crore from National Thermal Power Corporation (NTPC).

The order received is for carrying out specific tasks related to construction and installation work for the barrage complex and part of the head race tunnel (HRT) at the Rammam Hydro Electric Project in west Bengal, which has to be completed in a period of 66 months. 

On 6 June, the railway PSU secured orders worth Rs 515 crore from Eastern Railway and Dakshin Haryana Bijli Vitran Nigam Limited for the construction of the Sitarampur bye pass line under the Asansol division.

Earlier last week, the company received a LoA (Letter of Acceptance) from South Central Railway worth Rs 440 crore for engineering, procurement and construction (EPC) tender for proposed doubling of Track between Ankai station and Karanjgaon stations that includes electrification and signalling works in connection with Aurangabad-Ankai Doubling project in Nanded division of South Central Railway.

At 2:26 pm, the shares of Rail Vikas Nigam were trading 1.55% higher at Rs 374.40 on NSE.