RVNL‘s share price was upbeat on Thursday morning going up over 2% to hit an intraday high of ₹384.45.

What Happened: The company on Wednesday evening informed the exchanges that it had received a letter of acceptance for an order from South East Central Railway.

The order is for providing auto signalling with electronic interlocking (OFC-based) between the Champa-Saragaon-Baraduar-Sakti section, including alterations to existing electronic interlocking systems.

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This involves the supply, installation, testing, and commissioning of new electronic interlocking, MSDAC, IPS, and the execution of all indoor and outdoor works, as well as the construction and electrification of huts in the Champa-Sakti section of the Bilaspur Division, South East Central Railway.

The order was worth around ₹38 crore and is scheduled to be completed in 15 months. The order came just days after the company announced it would get an order from North Central Railways. In just the last seven days, the company has bagged new orders worth ₹250 crore.

Price Action: RVNL’s share price was up 1.27% to trade at ₹380.50 shortly after market open on Thursday.

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