Rail Vikas Nigam Shares Slump 2% Despite Rs 242 Crore Order
Shares of Rail Vikas Nigam Ltd (RVNL) fell more than 2% in the opening trade on April 6, despite receiving a Rs 242.49 crore order from South Central Railway. According to the company’s exchange filing, it has received a Letter of Acceptance (LoA) for the design, delivery, installation, testing, and... The post Rail Vikas Nigam Shares Slump 2% Despite Rs 242 Crore Order appeared first on Equitypandit.
Shares of Rail Vikas Nigam Ltd (RVNL) fell more than 2% in the opening trade on April 6, despite receiving a Rs 242.49 crore order from South Central Railway.
According to the company’s exchange filing, it has received a Letter of Acceptance (LoA) for the design, delivery, installation, testing, and commissioning of an OHE (Overhead Equipment) upgrade. The project entails upgrading the existing 1×25 kV system to a 2×25 kV AT feeding system, as well as feeder and earthing work in the Ongole (OGL) to Gudur (GDR) section of the Vijayawada Division.
The project encompasses 154 RKM / 462 TKM and is expected to be finished in 24 months.
In March, the business won a Rs 95.27 crore LoA from the National Mineral Development Corporation to repair and maintain its Chhattisgarh facilities.
The stock has fallen 28% in the last three months. The stock had a 52-week high of Rs 448 (May 20, 2025) and a low of Rs 248.25 (March 30, 2026). It is now trading at 41.77% below its 52-week high and 5.08% above its 52-week low.
At 12;50 pm, the shares of RVNL were trading 0.4% lower at Rs 259.60 on NSE.
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The post Rail Vikas Nigam Shares Slump 2% Despite Rs 242 Crore Order appeared first on Equitypandit.
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