RVNL stock jumps on ₹1,201 crore bridge contract win
RVNL secured a ₹1,201 crore contract for a bridge project near Kashi Railway Station, boosting its order book to ₹90,000-100,000 crore. The stock rose 6.25% to ₹344.15, indicating strong investor confidence.
pre-market1 source ↓written by the desknot a recommendation
- contract
- ₹1,201 crore
- in the joint
- 60% stake
- for completion
- 48 months
- to close
- 6.25%
- to close
- ₹344.15
Rail Vikas Nigam Limited (RVNL) secured a ₹1,201 crore contract for a bridge project near Kashi Railway Station, holding a 60% stake in the joint venture with GPT Infraprojects Ltd. The project, featuring four railway tracks and a six-lane road, is set for completion in 48 months.
The market reacted positively, with RVNL's shares rising 6.25% to close at ₹344.15, reflecting strong investor confidence in the company's growth potential and order book, estimated at ₹90,000 to ₹100,000 crore.
Not investment advice. For informational purposes only.