Shares of Rail Vikas Nigam Limited (RVNL) skyrocketed 11% on 13 February after the company announced receiving an order worth Rs 106 crore.

In its regulatory filing, the company announced that it had received a work order worth Rs 106.37 crore from Madhya Pradesh Paschim Kshetra Vidyut 1 Vitaran Company Limited that has to be executed within 24 months.

The filing added, “Supply, Installation, Testing and Commissioning of New 11 KV line for Bifurcation & Interconnection, Additional 11 KV Bay at 33 / 11 KV Substation, Augmentation of conductor of 33 KV & 11 KV Lines, Additional Distribution Transformer Substations with associate New 11 KV Lines, LT Line on AB cable, Conversion of bare LT line with AB Cable, Augmentation of LT AB Cable, Cover conductor for 11 KV Line Crossing Agriculture & Non Agriculture Feeder, 11 kv and 33 kv Bus Bar renovation other associated work and Supporting works such as DPs, TPs, Crossing etc. in Jhabua O&M Division (LOT-12) under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme.”

The company is a central public sector enterprise and has a Navratna status; it is engaged in the business of implementing various types of Rail infrastructure projects such as doubling, new lines, gauge conversion, major bridges, railway electrification, and many more.

At 3:30 pm, the shares of Rail Vikas Nigam closed 6.71% higher at Rs 245 on NSE.