Shares of Rail Vikas Nigam Limited (RVNL) were trading in the green and 2% higher on 27 June after its JV secured an order worth Rs 156 crore from the Southern Railway.

In its regulatory filing, the company said that a letter of acceptance (LoA) for the installation of automatic signalling on the Ernakulam JN (ERS) – Vallattol Nagar (VTK) section on the B-Route of Southern Railway’s Thiruvananthapuram Division has been secured by KRDCL-RVNL joint venture, which has to be completed in 750 days. 

The contract is worth Rs 156.47 crore, and in this JV, the company holds a 49% stake in this entity, while KRDCL holds the remaining stake. 

On 21 June, the company emerged as the lowest bidder (L1) for a SER HQ-Electrical/South Eastern Railway contract. This project involves the design, supply, erection, testing, and commissioning of a 132 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in the 2x25KV system on the Rajkhaswan-Nayagarh-Bolani section of the Chakradharpur division. The project aims to meet a 3000MT loading target on an EPC mode. The contract is valued at Rs 191 crore.

On 14 June, the company secured a Rs 160 crore contract from East Coast Railway.

On 10 June, the company was named the lowest bidder for an OHE modification project from Central Railway. This project involves upgrading the existing 1 x 25 kV electric traction system to a 2 x 25 kV AT feeding system in the Amla-Nagpur section of the Nagpur division to achieve a 3000 MT loading target. The contract is valued at Rs 138.46 crore and is to be completed within 24 months.

At 11:53 am, the shares of RVNL were trading 1.525 higher at Rs 514.30 on NSE.