Share price of Rail Vikas Nigam Ltd (RVNL) surged up to 3%, reaching an intraday high of Rs 486.70 a share, following the announcement by RVNL that it had obtained a letter of acceptance (LoA) for an order from East Central Railway valued at more than Rs 180 crore.

RVNL, via an exchange filing, said, “It is hereby informed that Rail Vikas Nigam Limited has received a Letter of Acceptance from East Central Railway for “Design, Supply, Erection, Testing and Commissioning of 2x25KV feeder line along the track with 25KV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road -Mahadiya Section of Dhanbad Division under EC Railway (Total 229/458 RKM/TKM) (Tender No: EL-Proj-DNR-ETEN-04-23-24).”  

Along with adjusting the 25KV overhead electrification (OHE) system, RVNL is responsible for designing, supplying, constructing, testing, and commissioning a 2x25KV feeder line along the track. This is to satisfy the 3000 MT loading requirement for the UP and DOWN lines of the East Central Railway’s Dhanbad Division’s Garwa Road-Mahdiya section. The entire scope includes 458 track kilometres and 229 route kilometres.

The project is anticipated to be finished in 18 months at an exact cost of Rs 180,000,000,96,810.08.00.

Based in New Delhi, Rail Vikas Nigam Limited is a corporation that specialises in building rail infrastructure projects all throughout the nation. Since its founding in 2003, the firm has been actively involved in the conception and execution of numerous railway projects, such as the construction of cable-stayed bridges, new lines, doubling, gauge conversion, railway electrification, workshops, metro projects, bridges, and institution buildings.

At 12:42 pm, the shares of RVNL were trading 2.56% higher at Rs 481.70 on NSE. 

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