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RVNL Secures Rs 178.64 Crore IRCON Contract, Second Major Win in Five Days

The railway PSU will execute the project involving signaling, telecommunications, and interlocking systems at 10 stations within 11 months, boosting its market performance.

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RVNL shares in focus today, here's why
RVNL Share Price | Image: RVNL Share Price

Overview

  • Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for a Rs 178.64 crore contract from IRCON International Ltd.
  • The project involves installation, testing, and commissioning of signaling, telecommunications, and electronic interlocking systems across 10 new stations.
  • Additional work includes six new intermediate block signaling sections, a section control system, and modifications to existing interlocking installations.
  • The contract, RVNL's second major win in five days, follows a Rs 116 crore electric traction upgrade order from Central Railway on May 15.
  • RVNL's shares rose 5.22% to Rs 431 on May 19, reflecting investor confidence ahead of its May 21 board meeting to approve Q4/FY25 results.