RVNL Shares Rise on Rs 1.15 Billion Central Railway Contract

21 May 2025 CW Team

Rail Vikas Nigam Limited (RVNL) shares rose by eleven per cent on May sixteen following the company鈥檚 announcement of a new contract win worth approximately Rs 1.15 billion. The letter of award was issued by Central Railway for overhead equipment (OHE) modification work in the Itarsi鈥揂mla section under Nagpur Division.

The project involves upgrading the existing 1脳25 kilovolt electric traction system to 2脳25 kilovolts to support a loading target of three thousand metric tonnes. The work is scheduled for completion within twenty-four months.

At 11:47 AM on the Bombay Stock Exchange, RVNL was trading at Rs 415.60, up by Rs 39.70 or 10.56 per cent. The company鈥檚 market capitalisation currently stands at Rs 866.53 billion.

The board of directors is set to meet on May twenty-one to approve the audited financial results for the quarter and year ended March 31, 2025. The board will also consider recommending a final dividend for financial year twenty twenty-four鈥搕wenty-five.

RVNL鈥檚 stock had previously reached a 52 week high of Rs 647.00 and a low of Rs 280.65. It now trades 35.77 per cent below its peak.

Source:Moneycontrol

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