The share price of Rail Vikas Nigam Ltd (RVNL) rose more than 3% on 25 March after the company got an order worth Rs 115 crore. 

In its regulatory filing, the company said, “RVNL has emerged as the lowest bidder (L1) from Central Railway for OHE modification work for up-gradation of existing 1×25 KV electric traction system to 2×25 KV at feeding system in Itarsi-Amla section in Nagpur division of Central Railway to meet 3000 MT loading target.”

The order must be fulfilled within 24 months.

Earlier on 20 March, the company received a Letter of Acceptance from the National Highway Authority of India for constructing a six-lane access-controlled link to Visakhapatnam Port Road of NH 516C on Hybrid Annuity Mode in the State of Andhra Pradesh under NH (O) on Hybrid Annuity Mode.

Earlier this month, South Western Railway sent the company a Letter of Acceptance for Rs 156.35 crore for engineering, procurement, and construction (EPC) for the design, supply, erection, testing, and commissioning of a 2X25 KV OHE & PSI system (TSSs & SPs & SSPs), which includes engineering, telecommunication, and electrical general services between Rayadurga Topavagada of the TK-RDG section.

However, at 3:30 pm, the shares of Rail Vikas Nigam shed all their gains and closed 0.42% lower at Rs 370 on NSE.

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