New Delhi, April 11 -- Shares of Rail Vikas Nigam Ltd (RVNL), a railway infrastructure company, ended 2.5% higher in Friday's intraday trade on April 11, reaching Rs.346 apiece following the company's latest order win from Southern Railway.
The company informed investors through an exchange filing today that it had emerged as the Lowest Bidder (L1) for a project from Southern Railway. The contract involves the upgradation of the electric traction system from 1x25 kV to 2x25 kV on the Salem Jn. (SA)-Podanur Jn. (PTJ) and Irugur (IGU)-Coimbatore Jn. (CBE)-Podanur Jn. (PTJ) section of the Salem division. The project aims to support a 3,000 MT loading target and is valued at Rs.143.37 crore, as per the exchange filing.
This marks RVNL's sec...
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