Rail Vikas Nigam Shares Jump 11% on New Order Worth ₹115.79 Crore

Market Performance

Rail Vikas Nigam shares witnessed a sharp rise of over 11% intraday on May 16, following a significant contract win.

As of 11:47 AM, the stock was trading at ₹415.60, marking a gain of ₹39.70 or 10.56% on the BSE.

• 52-week high: ₹647.00 (July 15, 2024)
• 52-week low: ₹280.65 (May 17, 2024)
• Current price: 35.77% below 52-week high
• Current price: 48.08% above 52-week low
• Market Cap: ₹86,653.44 crore

Main Development

The rally in Rail Vikas Nigam shares came after the company secured a Letter of Acceptance (LOA) from Central Railway for a major electrification upgrade project.

• Project Details:
  • Scope: OHE Modification Work
  • Objective: Upgrade from 1x25 KV to 2x25 KV Electric Traction System
  • Location: Itarsi – Amla Section, Nagpur Division
  • Target: To meet the 3000 MT loading capacity requirement
  • Contract Value: ₹115.79 crore
  • Execution Timeline: 24 months

Company Update

The company has also scheduled a Board of Directors meeting on May 21, 2025, to:

• Approve audited financial results for Q4 and FY25 (both standalone and consolidated)
• Consider and recommend a final dividend for the Financial Year 2024-25, if applicable

This upcoming announcement will draw investor attention, further influencing the stock sentiment around Rail Vikas Nigam shares.

Company Snapshot

Rail Vikas Nigam Ltd (RVNL) maintains a strong presence in the infrastructure sector, especially in the railway electrification domain. Its consistent order wins and execution capabilities have kept it on investors’ radar.

Summary

• Rail Vikas Nigam shares surged 11% intraday on May 16
• The gain followed a contract win worth ₹115.79 crore from Central Railway
• The contract involves an upgrade in electric traction systems across a key route
• Board meeting on May 21 to review financials and potential final dividend
• Stock is significantly up from its 52-week low, highlighting recent momentum

Stay tuned as Rail Vikas Nigam's shares continue to remain in focus with robust developments driving market interest.