RVNL shares surged by 3%, bags order from Central Railway
The amount of the order is Rs 138 crore and the time duration needed to execute the order is 24 months.
Multi-bagger Railway PSU has secured a Letter of Acceptance from Central Railway for the electric traction system. The Infrastructure rail sector has gained several orders from different railway segments in previous months.
Rail Vikas Nigam Limited has received a Letter of Acceptance from Central Railway for “OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Amla-Nagpur Section in Nagpur division of Central Railway to meet 3000 MT loading target, according to the exchange statement.
The amount of the order is Rs 138 crore and the time duration needed to execute the order is 24 months.
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Earlier, Rail Vikas Nigam Limited received a Letter of Acceptance from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) for the Construction of 6 Nos Elevated Metro Stations. The amount of the order is Rs 187 crore. The time needed to execute the order is given to be 30 months.
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