RVNL Share Price Increase Nearly 8% Following ₹729 Crore Project Award from HPSEBL

Market Performance

On March 5, 2025, Rail Vikas Nigam Ltd (RVNL) Share Price increased nearly 8% during early trading. The stock reached an intraday high of ₹351.55, marking a notable movement in response to a recently secured project.

Over the past year, RVNL's stock has demonstrated varied performance:

• The stock has risen over 35% within the last 12 months.
• From its 52-week low of ₹213.00 recorded in March 2024, the stock has advanced by over 65%.
• Compared to its peak of ₹647.00 in July 2024, the stock has declined by over 45%.
• In February 2025, the stock decreased by more than 30%, following a 13% increase in January 2025.

Main News

Rail Vikas Nigam Ltd (RVNL) has announced receiving a Letter of Acceptance from the Himachal Pradesh State Electricity Board Ltd (HPSEBL). This contract focuses on developing distribution infrastructure in the Central Zone of Himachal Pradesh under the Revamped Reforms-Based and Results-Linked Distribution Sector Scheme .

The project's purpose is to support loss reduction efforts in the electricity distribution network, aiming to improve efficiency and minimize transmission losses.

Company Details

Project Information:

• Project Name: Development of Distribution Infrastructure in the Central Zone of Himachal Pradesh under the RDSS (Loss Reduction Work).
• Contract Value: ₹729.82 crore (inclusive of applicable taxes).
• Execution Timeline: 24 months.
• Awarding Authority: Himachal Pradesh State Electricity Board Ltd (HPSEBL).
• Project Objective: Strengthen the state's power distribution network to support improvements in broader sectors.

Additional Information:

• The awarding entity is domestic.
• The awarded contract does not involve related parties or promoter groups.
• The project is intended to enhance the power distribution infrastructure as part of ongoing reforms in the electricity sector.

Summary

On March 5, 2025, RVNL reported securing a ₹729.82 crore contract from HPSEBL to develop distribution infrastructure in Himachal Pradesh under the Revamped Reforms-Based and Results-Linked Distribution Sector Scheme. The project focuses on reducing electricity distribution losses and improving regional efficiency. The stock increased nearly 8% following this announcement, reflecting the company's ongoing involvement in major infrastructure projects.