RVNL receives LOA from Central Railway, project costs Rs 115.79 crore
The company has mentioned that the aforesaid work is in the normal course of business of the Company. The time period needed to execute the order is 24 months.
New Delhi: State-owned Rail Vikas Nigam Limited has received an LOA from Central Railway for OHE Modification Work to Upgrade the existing 1x25 KV Electric Traction System to 2x25 KV at the Feeding System in Itarsi—Amla Section in Nagpur Division of Central Railway to meet the 3000 MT Loading Target.
The company has mentioned that the aforesaid work is in the normal course of business of the Company. The time period needed to execute the order is 24 months.
The cost of the project is Rs 115.79 crore.
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The stock has shown a significant gain by 3.37% on May 16, 2025.
The stock has witnessed an outstanding performance by 2.25%, with a third consecutive day of gains, with a total return of 8.85% over this period.
Currently, the shares of RVNL are trading higher by 9.10 pc at Rs 410.50. The stock has gained over 11.84 pc in the last month. The stock opened today at Rs 380.50.
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