Shares of Rail Vikas Nigam (RVNL) gained 2% on 3 July after the company announced emerging as the lowest bidder (L1) for a 24-month order worth Rs 132.59 crore from Central Railway.

In its regulatory filing, the company said, ” RVNL has emerged as the lowest bidder from Central Railway for OHE modification work for up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Wardha-Ballarshah Section in Nagpur division of Central Railway to meet 3000 MT loading target.”

On 26 June, the KRDCL-RVNL joint venture received a letter of acceptance from Southern Railway worth Rs 156.47 crore for the provision of automatic signalling on the Ernakulam JN (ERS)—Vallattol Nagar (VTK) section on the B-Route of Thiruvananthapuram Division in Southern Railway.

The company owns a 49% stake in the joint venture, and KRDCL holds the rest.

On 21 June, the company emerged as L1 for the design, erection, testing, and commissioning of a 132 kilovolt (kV) traction substation, sub-sectioning post, and sectioning post in a 2×25 kV system on the Rajkhaswan—Nayagarh-Bolani section of Chakradharpur division of South Eastern Railway to meet the 3000MT loading target on EPC mode and for a total consideration of Rs 191 crore.

Furthermore, on 14 June, the company secured another order worth Rs 160 crore from Central Railway.

On 10 June, the company emerged as the lowest bidder from Central Railway for OHE modification work to upgrade the existing 1 x 25 kV electric traction system to a 2 x 25 kV AT feeding system in the Amla-Nagpur section in the Nagpur division of Central Railway to meet the 3000 MT loading target. The cost of the work is Rs 138 crore and must be executed in 24 months.

At 12:45 pm, the shares of Rail Vikas Nigam were trading 1.27% higher at Rs 416.20 on NSE.