RVNL's Stock Surges on Rs 156 Crore Railway Electrification Contract Win

Rail Vikas Nigam Limited (RVNL) shares gained momentum today after securing a Rs 156.36 crore contract from South Western Railway. The project involves designing and implementing a 2X25 KV overhead electrification system for the Rayadurga-Topavagada section, to be completed within 18 months. This win follows RVNL's recent Rs 729.82 crore contract from Himachal Pradesh State Electricity Board for distribution infrastructure development. Despite a 13.14% year-on-year decline in Q3 FY25 net profit, RVNL's stock closed 0.37% higher at Rs 337.40 on the BSE yesterday. The company's diverse project portfolio and consistent contract wins continue to attract investor interest in the infrastructure sector.

 

Sources: Business Today, CNBC TV18, Business Standard