Rail Vikas Nigam Ltd. (RVNL) shares will be in focus on February 11 after the company emerged as the lowest bidder for a ₹355.43 crore project from South Western Railway. The project is for survey, design, supply, installation, testing, and commissioning of KAVACH equipment and other related works on 790 RKM in Hubballi and Mysuru divisions. The project has to be completed within 18 months.
This is the latest in a series of project wins for RVNL. On February 7, the company was awarded a contract valued at ₹210.78 crore by South Eastern Railway for the strengthening of electric traction from 1 x 25 KV to 2 x 25 KV in the Kharagpur-Tatanagar section for meeting the 3000 MT loading target. Earlier, on February 4, RVNL received a Letter of Acceptance (LoA) for a ₹404.40 crore project from the East Coast Railway.
Investors will also be looking out for RVNL’s board meeting on February 12, 2025, when the company will review and approve its unaudited financial results for the third quarter and nine months ended December 31, 2024.
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Source: Moneycontrol.
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