RVNL secures projects of Rs 280 Cr Jabalpur
Rail Vikas Nigam Ltd (RVNL) announced on June 22 that it has successfully secured two projects worth INR 280 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Ltd (MPPKVVCL) in Jabalpur.
The first contract involves the supply, installation, testing, and commissioning of new 11 KV lines, low tension lines on AB cable, and other related activities in the Chhatarpur circle of MPPKVVCL. This contract is valued at INR 126.8 crore. Similarly, the second contract pertains to the Seoni and Narsinghpur circle and is valued at INR 154.23 crore.
Furthermore, on June 20, Rail Vikas Nigam received three Letters of Acceptance from Chennai Metro Rail Limited (CMRL) for the Underground Stations phase-II Project, with a cumulative value of INR 2,326 crore.
As of 3:30 pm, Rail Vikas Nigam’s stock was trading at INR 123.45, reflecting a decrease of INR 0.35 or 0.28 percent on the BSE.
The company’s shares reached a 52-week high of INR 144.50 on May 8, 2023, and a 52-week low of INR 29 on June 21, 2022.
Currently, the stock is trading approximately 14.81 percent below its 52-week high and 324.48 percent above its 52-week low.
Rail Vikas Nigam Limited (RVNL) is a central public sector enterprise in India that functions as the construction division of the Ministry of Railways. It is responsible for executing projects and developing transportation infrastructure.
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