Shares of Rail Vikas Nigam Ltd (RVNL) were trading 3% higher on 25 April after the company announced emerging as the lowest bidder (L1) for the provision of an automated block signalling system in the Salem division of the Southern Railway, spanning from Jolarpettai Junction to Erode Junction.

The contract has a total value of Rs 239.09 crore and has 900 days to be completed.

Earlier on 24 April, the joint venture between KRDCL and RVNL emerged as the lowest bidder for the engineering, procurement, and construction (EPC) mode of the Thiruvananthapuram Central Railway Station reconstruction from the Southern Railway. 

The project would be completed in 42 months at a cost of Rs 438.95 crore. KRDCL holds a 51% share, whereas RVNL holds a 49% stake in the joint venture.

After placing the lowest bid (L1) from the South-Central Railway, the company was awarded the EPC tender on 19 April for the proposed doubling of track between Ankai and Karanjgaon stations, including electrification and signalling works in connection with the Aurangabad-Ankai doubling project in the Nanded Division of the South-Central Railway. 

The company inked an agreement on 18 April to collaborate on infrastructure and public transportation projects in India with Turkish Engineering Consulting and Contracting, TUMAS India Private Limited.

The company received the Letter of Acceptance (LOA) on 12 April for the engineering, procurement, construction, design, supply, erection, testing, and commissioning of the 50 Hz, 25 kV, single phase, AC, electrification OHE, and TSS works of the Araria – Thakurganj new line segment. The NF Railway’s Araria – Galgalia new line project is related to this, and it involves related works in addition to the provision, installation, modification, testing, and commissioning of SCADA for the section.

At 1:23 pm, the shares of RVNL were trading 1.07% higher at Rs 287.30 on NSE.