Share of Railway development nigam A railway infrastructure company, Limited (RVNL), on April 11 increased to 2.5% in Friday’s Intrade Trade, 346 After winning the latest order from the company from Southern Railway.
The company today informed investors through an exchange filing that it had emerged as the lowest bidder (L1) for a project from Southern Railway. The contract involves upgradation of electric traction systems from 1×25 kV to 2×25 kV on Salem JN. (Sa) -Podanur JN. (PTJ) and Irugur (IGU) -Koimbatore JN. (CBE) -Podnoor JN. (PTJ) section of Salem Division. The project aims to support the 3,000 MT loading target and it is valuable 143.37 crores, according to exchange filing.
It wins RVNL’s second order in less than three weeks. At the end of March, the company also emerged as the L1 bidder for another contract from the Central Railway. The project includes OHE (overhead equipment) modification work to upgrade the existing 1×25 KV electric traction system in the 2×25 KV feeding system in the ITarsi -MLA section in Nagpur Division, aimed at supporting 3,000 MT loading targets. The value of that contract was standing 115 crores.
During the same month, the company received a acceptance letter from the National Highways Authority of India (NHAI) for the construction of a 6-lane access-controlled road, which KM 0.000 (Sabavavaram bypass of Anakapalli-Anandapuram Corridor) from KM 12.660 (Sheelanagar Junction) km 12.660 (Sheelanagar Junction) KM 0.000 Is going to join. The value of the project awarded under Hybrid Annuity Mode (HAM) is 555 crores.
Stock price trajectory
Stock remains under significant sales pressure since reaching its all -time high In July 2024, 647 Apties, lost 48% of its value. This sharp decline has been attributed to profit booking, a recession in order flow, and at least in allocation Central budget 2025–26.
Between October 2022 and July 2024, a stellar rally was seen in the stock, On 33.70 601.50 – A large profit of 1,700%. Despite the recent improvement, the stock is still 901% in the last three years and 1,787% returns in the last five years.
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