New Delhi, March 5 -- Shares of Rail Vikas Nigam Ltd (RVNL) climbed 4 percent in early trade on Wednesday, March 5, after securing a significant order from Himachal Pradesh State Electricity Board Ltd (HPSEBL).

RVNL received a Letter of Acceptance (LoA) for the development of distribution infrastructure in the Central Zone of Himachal Pradesh under the Revamped Reforms-Based and Results-Linked Distribution Sector Scheme. The project, aimed at loss reduction, is valued at Rs.729 crore.

"It is hereby informed that Rail Vikas Nigam Limited has received Letter of Acceptance from HPSEBL for "Development of Distribution Infrastructure at CENTRAL ZONE of Himachal Pradesh under the Revamped Reforms-based and Results-linked, Distribution Sector ...