RVNL Bags ₹160 Cr Order From East Coast Railways

Rail infra major RVNL announced bagging a major order on Friday evening.

What Happened: In an exchange filing, the railway company announced bagging an order from East Coast Railway. The order is for the automatic block signalling system in the existing El/Pl/RRI stations in the section of Jakhapura Nergundi, Khurda Road-Bhusundpur & Bhusundpur-Golanthra over Khurda Road Division of East Coast Railway.

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The order is worth around ₹160.08 crore and is to be completed in 24 months. The Navratna company has bagged several orders in the past 30 days. Earlier in the week, the company announced that it was declared the lowest bidder for an order from Central Railways. The order was worth around ₹138 crore.

The company’s order book at the end of March 2024 stood at ₹85,000 crore and it has guided for order inflow of around ₹20,000-₹25,000 crore in the year ending March 2025.

Price Action: RVNL’s share price was up 0.01% to close at ₹390.20 on Friday.

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