RVNL Soars 7% on ₹389 Crore Order Wins for Nagpur Metro and South Eastern Railway

RVNL shares jumped 7% as the company won orders worth ₹389 crore, including a ₹187 crore Nagpur Metro project and a ₹203 crore South Eastern Railway contract.
RVNL Soars 7% on ₹389 Crore Order Wins for Nagpur Metro and South Eastern Railway

RVNL, a leading infrastructure company, saw its shares surge 7% in early trade on July 10. The company secured two major orders worth a total of ₹389 crore, boosting investor confidence.

The first order, worth ₹187.34 crore, is for constructing 6 elevated metro stations in Nagpur under the Nagpur Metro Rail Project Phase 2. The project is expected to be completed in 30 months.

Additionally, RVNL emerged as the lowest bidder for a ₹202.87 crore project to design, supply, and commission a 132 KV traction substation, sectioning post, and sub-sectioning post on the Kharagpur-Bhadrak section of South Eastern Railway. This project has an 18-month timeline.

Check out other Railway Stocks in India here.

In a separate development, RVNL signed an MoU with TATWEER Middle East and Africa LLC to leverage its railway expertise for projects in the MENA region and Europe, including smart city and digital transformation initiatives.

The strong order wins and strategic partnerships have boosted investor sentiment, leading to the 7% surge in RVNL’s share price in the opening trade on the BSE.

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