RVNL share price: Railway PSU stock Rail Vikas Nigam Ltd (RVNL) gained in the morning trade on Thursday following an order book update.
RVNL, on Wednesday, September 10, announced that it emerged as the lowest bidder (L-1) for West Central Railway.
As per the release shared by RVNL with the stock exchanges, the work order is for the design/modification, supply, erection, testing, and commissioning of a 220/132kV/2X25 kV Scott-connected Traction Substation and switching posts, including AT (Automatic Transfer) and SCADA (Supervisory Control and Data Acquisition) work. The section specified for the work order by West Central Railway is between the BINA to RTA section of the Bhopal Division of WC Railway and is intended to meet a 3000MT loading target.
The time period by which the order or contract from West Central Railway is to be executed by the railway PSU RVNL is 540 days.
Broad consideration for the order won by RVNL is ₹169.48 crore ( ₹169,48,95,146), including applicable taxes.
Railway PSU stock RVNL share price movement
On Thursday, the share price of RVNL opened at ₹338.40 on the BSE, slightly higher than Wednesday’s closing price of ₹333.40. The share price of Railway PSU stock RVNL thereafter traded between an intraday low of ₹332 and an intraday high of ₹338.45.
RVNL share price has been rebounding well after seeing a sharp correction between September 2024 and April 2025, following weakness in the Indian stock market amid valuation concerns and unfavourable global cues. RVNL share price had slipped from its 52-week high of ₹568 in September last year to its 52-week low of ₹295.25 in April 2025. The Railway PSU stock RVNL share price has been rebounding well ever since.
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