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.
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
Biocon: The company's subsidiary, Biocon Pharma, has received USFDA approvals for Lenalidomide capsules and Dasatinib tablets, and tentative approval for Rivaroxaban tablets
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
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At 6:36 AM, GIFT Nifty Futures were trading 47 points lower at 23,568, indicating a negative start for the Indian bourses
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
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.
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.
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.
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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
"It is hereby informed that Rail Vikas Nigam Limited has received a Letter of Acceptance from East Central Railway," the filing read
As per the deal, RVNL will carry out earthwork in cutting and filling, blanketing, construction of minor bridges, major bridges, RUB, ROB, etc work between Kalipahari to Pradhankhuta
The upward move in the RVNL stock price follows the company's announcement of receiving a 'Letter of Acceptance' from South Central Railway