Hot Pursuit     11-Jul-24
RVNL hits record high on bagging Rs 138-cr LoA from Central Railway
Rail Vikas Nigam (RVNL) jumped 4.33% to Rs 637 after the civil construction firm received letter of acceptance (LoA) from Central Railway worth Rs 138.45 crore.

The order includes OHE modification work for up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT feeding system in Amla-Nagpur section in Nagpur division of Central Railway to meet 3000 MT loading target.

The project is to be executed in 24 months and the cost of project is Rs 138.45 crore.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

The company reported 33.16% increase in consolidated net profit to Rs 478.40 crore on 17.38% jump in revenue from operations to Rs 6,714.01 crore in Q4 FY24 over Q4 FY23.

The counter hit an all-time high of Rs 643.95 in today's intra-day session.

Previous News
  Nifty trades above 22,750; oil & gas shares in demand; VIX drops 6.12%
 ( Market Commentary - Mid-Session 11-Apr-25   14:36 )
  Rail Vikas Nigam successfully bids for Rs 143 cr project of Southern Railway
 ( Corporate News - 11-Apr-25   14:40 )
  RVNL spurts as JV bags LoA worth Rs 554 cr
 ( Hot Pursuit - 19-Feb-25   10:07 )
  Benchmarks trade with deep cuts; financial services shares decline
 ( Market Commentary - Mid-Session 17-Dec-24   10:36 )
  Visakhapatnam Port Authority signs MoU with RVNL
 ( Corporate News - 03-Jan-25   18:36 )
  RVNL sizzles after receiving LoA for Rs 9,613-crore project from BSNL
 ( Hot Pursuit - 16-Jan-25   12:55 )
  RVNL successfully bids for East Central Railway project of Rs 180 cr
 ( Corporate News - 30-Sep-24   13:59 )
  RVNL rises after emerging L-1 bidder for Rs 143-cr project
 ( Hot Pursuit - 11-Apr-25   14:11 )
  Tata Investment Corporation Ltd leads gainers in 'A' group
 ( Hot Pursuit - 19-Feb-25   12:00 )
  RVNL gains after emerging as L-1 bidder for Rs 116-cr railway project
 ( Hot Pursuit - 25-Mar-25   10:05 )
  Rail Vikas Nigam consolidated net profit declines 27.24% in the September 2024 quarter
 ( Results - Announcements 07-Nov-24   17:02 )
Other Stories
  HDFC Life Q4 PAT climbs 16% YoY to Rs 476 cr
  17-Apr-25   17:32
  Infosys Q4 PAT rises 3% QoQ to Rs 7,038 cr; declares dividend of Rs 22/sh
  17-Apr-25   17:25
  HDFC AMC rises after Q4 PAT jumps 18% YoY to Rs 639 cr; declares final dividend of Rs 90/sh
  17-Apr-25   17:11
  Sonata Software drops amid lower Q4 revenue guidance
  17-Apr-25   15:54
  Home First Finance gains after raising Rs 1,250 crore
  17-Apr-25   15:07
  Sonata Software Ltd leads losers in 'A' group
  17-Apr-25   15:00
  Lupin gets EIR from USFDA for Nagpur facility
  17-Apr-25   15:00
  AGI Infra's housing project in Punjab gets RERA registration
  17-Apr-25   15:00
  Alkem Labs' subsidiary concludes acquisition of 100% stake in Bombay Ortho
  17-Apr-25   14:49
  Vikram Aroma Ltd leads losers in 'B' group
  17-Apr-25   14:45
Back Top