Rail Vikas Nigam Limited’s shares are likely to be in focus on December 4, after the company received an order worth ₹186.76 crore from East Central Railway.
The project involves the design, supply, erection, testing, and commissioning of traction substations along with associated switching posts. These works will upgrade the electric traction system from 1X25 KV to 2X25 KV AT feeding system in the Gomoh–Patratu section of the Dhanbad Division. According to the company’s official release, the project is scheduled for completion within 540 days.
Recent Achievements
- November Projects:
- RVNL was declared the lowest bidder (L1) by PSPCL for developing HT/LT infrastructure under the revamped distribution sector scheme (RDSS) in Punjab. The project, worth ₹642.56 crore, is set to be completed in 24 months.
- The company also received a ₹837.67 crore project from Eastern Railway for infrastructure development. This includes earthwork, bridge construction, and track laying across 55.2 kilometers between Kalipahari and Pradhankhuta.
Financial Snapshot
Despite these wins, RVNL reported a 27% decline in net profit at ₹287 crore for Q2FY25. Revenue saw a slight drop, reaching ₹4,855 crore during the same period.
Over the past year, RVNL’s stock has surged by more than 150%, outperforming the Nifty, which rose 20% during the same timeframe.
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Source: Moneycontrol
News Desk
