Shares of Rail Vikas Nigam Limited (RVNL) rose 10% today to Rs. has reached 958. Indeed, the railway sector’s state-owned company RVNL has received two orders, the impact of which is also visible in the shares today.
RVNL said it has received letter of acceptance from Maharashtra Metro Rail Corporation (Nagpur Metro) for construction of six elevated metro stations including Campty Police Station, Kempty Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station.
An order worth ₹ 202.87 crore was received from South Eastern Railway
Along with this, RVNL has received an order worth ₹202.87 crore from South Eastern Railway. This new project involves design, supply, installation, testing and commissioning, sectioning and sub-division in 2×25 KV system of 132 KV traction substation on Kharagpur-Bhadrak section of Kharagpur Division to RVNL. The project is to be implemented within a time limit of 18 months.
RVNL stock has returned 200% in 6 months
Currently, RVNL shares are trading at 591.65 with an increase of 9.01%. Its stock has given a positive return of 39.41% in last 5 days and 57.84% in one month. At the same time, shares of RVNL have seen an increase of almost 200% in 6 months.