Shares of Rail Vikas Nigam Ltd (RVNL) surged 3.7% on 18 June after the company secured a contract worth Rs 160 crore from East Coast Railway. 

In its regulatory filing, the company said, “RVNL has emerged as the lowest bidder (L1) from East Coast Railway for provision of automatic block signalling system with dual MSDAC and alteration in existing El/Pl/RRI stations in the section of Jakhapura-Nergundi, Khurda Road-Bhusandpur & Bhusandpur-Golanthara over Khurda Road Division of East Coast Railway.”

The contract has to be completed in a period of 24 months. 

Earlier, the Siemens-RVNL Consortium had received a Letter of Acceptance from Bangalore Metro Rail Corporation Ltd. for a contract valued at Rs 3,942,390,663.45 plus Euro 41,119,535. The project involves engineering, supply, erection, testing, and commissioning of 33 KV distribution, 750V DC third rail traction electrification, including traction substations, auxiliary substations, and the SCADA system for Phase-2A and Phase-2B. The company holds a 30% stake in this consortium, while Siemens holds the remaining stake. 

On 10 June, the company emerged as an L1 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 project is worth Rs 138 crore and must be completed in 24 months. 

At 3:21 pm, the shares of Rail Vikas Nigam were trading 1.38% higher at Rs 395.55 on NSE.