RVNL shares jump 3% on bagging Rs 160 crore contract from Central Railway

Shares of Rail Vikas Nigam Limited (RVNL) rose 3% to an intraday high of Rs 387.5 on the BSE on Friday after the company announced a new contract win worth Rs 159.79 crore from Central Railway.

The contract, awarded under standard terms, is scheduled to be completed over 24 months. It is a domestic order and forms part of RVNL’s routine business operations, the company said in an exchange filing.

The project involves overhead equipment (OHE) modification to upgrade the existing 1x25 KV electric traction system to 2x25 KV in the Itarsi–Amla section of the Nagpur Division. The upgrade aims to support a loading capacity of 3,000 MT.

Additionally, the board of directors of RVNL is scheduled to meet on Wednesday, May 21, to consider the recommendation of a final dividend for the financial year 2024-25, subject to shareholder approval at the Annual General Meeting (AGM).

In a separate development on Thursday, RVNL informed that the company has appointed Surender Singh as a non-official part-time director on its board, effective May 15, 2025.

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RVNL share price history

For the one-year period, RVNL's shares gained 36.39%, while on a year-to-date (YTD) basis, they declined by 12.13%. Over the last six months, the stock dropped by 10.46%, whereas in the three-month period, it rose by 4.42%. Further, in the one-month period, the stock recorded a gain of 4.14%.

On Thursday, the shares of RVNL closed 0.83% higher at Rs 375.90 on the BSE.

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