20-Aug-2026      14:34

Rail Vikas Nigam Limited jumps 2.68%, securing Rs 161.02 crore contract from East Coast Railway

Rail Vikas Nigam Ltd. is up 2.68% to Rs 229.48, extending recent gains and adding 0.58% over the last week. Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from East Coast Railway for the provision of MSDAC to increase reliability in the ABS section from MZY to KUR and at various stations, valued at Rs 161,02,45,230.24. The project, which falls within the company's normal course of business, has a stipulated execution period of 18 months and involves work from multiple vendors including Hitachi Rail STS India Pvt Ltd, Medha Servo Drives, Siemens Rail Automation, and Kyosan. The disclosure, made on August 20, 2026, follows a previous communication on May 20, 2026, and is in compliance with SEBI (LODR) Regulations, 2015. Trading volume reached 40.52 lakh shares today, a surge of 90.47% compared to the average volume over the last one week. Rail Vikas Nigam Ltd plunged by 30.63% year-over-year, underperforming the 3.61% loss registered by the NIFTY50 index.

News source: Capital Market - Live News