The cost of the project is ₹143,37,87,127.90, while the order is expected to be executed in 24 months, or 2 years, RVNL said in an official statement.
As things stand, the small-and mid-caps look relatively more expensive, said Jyotivardhan Jaipuria, founder & managing director, Valentis Advisors, and can underperform in the early part of FY26
Under the contract, RVNL will carry out OHE modification work for the upgradation of the existing 1x25 KV electric traction system to 2x25 KV at the feeding system in the Itarsi-Amla section
Under the collaboration, RVNL will construct 2X25 KV OHE and PSI system including electrical general services, engineering and telecommunication works between Rayadurga and Topavagada
Under the contract, RVNL will develop and distribute infrastructure at central zone of Himachal Pradesh. The order is worth over Rs 729 crore and has to be completed within two years
The Nifty SmallCap index surged 2.70 per cent, or 410.7 points, to hit an intraday high of 15,579.15. Similarly, the Nifty MidCap index increased 1.72 per cent to an intraday high of 50,609.25
Under the contract, RVNL will construct nine stations i.e. Elevated (1 No.) and At-Grade (8 Nos.) BSRP Stations of Corridor-4A at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, and others
RVNL posted a 13 per cent decline in consolidated net profit to Rs 311.58 crore as compared to a profit of Rs 358.57 crore a year ago
Q3 FY25 company results, February 14: Aditya Birla Fashion & Retail and Dish TV will be among 696 firms to release their reports for the Oct-Dec 2024 quarter
The upward move in the RVNL share price follows the company's announcement of receiving a 'Letter of Acceptance' from East Coast Railway worth Rs 404.40 crore
The BSE Capital Goods index slipped 4.6% in intra-day trades today, falling 7.5% in 2 days after the finance minister presented the Union Budget 2025-26 in the Parliament on Saturday
RVNL, Bharat Dynamics, Hitachi Energy India, Siemens, ABB India, Titagarh Rail Systems, CG Power and Industrial Solutions, Bharat Electronics and L&T down in the range of 5 per cent to 10 per cent.
Jupiter Wagons, Titagarh Wagons, BEML, RITES, Rail Vikas Nigam, IRCON International, IRFC, Texmaco Rail, RateGain Travel and RailTel Corporation are up in the range of 3% to 7% in intraday trade.
Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.
The capital expenditure (capex) allocation for the railway sector is expected to rise by 20 per cent in Budget 2025-26, according to reports
Technically, a Death Cross pattern implies bearish implications; Chart shows that RVNL, TVS Motor and HFCL could slide up to 25 per cent from present levels.
The Visakhapatnam Port Authority signed a Rs 300 crore agreement with Rail Vikas Nigam Ltd (RVNL) on Thursday to construct a flyover aimed at reducing congestion and enabling seamless cargo movement via road and rail traffic towards the port. Designed to improve traffic management and cargo evacuation, the project will cover the areas surrounding the port and critical parts of the city leading to it. "The agreement pertains to the construction of a flyover bridge connecting Seahorse Junction to the dock area at Vizag Port. The estimated cost of the project is approximately Rs 300 crore. The flyover will eliminate 11 level crossings that currently obstruct traffic flow, ensuring smooth cargo movement," stated an official press release from VPA. Spanning 3.3 km in length, the flyover will feature a carriageway width of seven meters for two lanes and 10.5 meters for three lanes, facilitating efficient entry and exit for port-bound traffic.
Shares of Rail Vikas Nigam Limited (RVNL) climbed 7.52 per cent at Rs 439.90 a piece on the BSE in Tuesday's intraday trade
Shares of RVNL surged up to 2.57 per cent at 482 per share on the NSE in Tuesday's intraday deals
Key projects, including the PLI scheme for train parts, Gati Shakti inclusion, redevelopment of railway stations, and the multitracking project, are opening unparalleled possibilities for the sector