&w=3840&q=100)
RVNL pares gain, slips 7% from day's high despite ₹179-cr order win
However, by 10:10 AM, RVNL shares pared gains with the scrip falling 7.28 per cent lower from day's high to a low of ₹415.35 apiece. At 10:30 AM, RVNL share continued to trade near day's low level, down 3.40 per cent at ₹416.35. In comparison, BSE Sensex was trading 0.24 per cent lower at 81,858.8 level. Catch Latest Stock Market Updates Today LIVE
What led to the initial uptick in the RVNL share price today?
RVNL share price gained after the company announced that it has emerged as the lowest bidder (L1) for a project worth ₹178.64 crore from IRCON International.
The project involves the installation, testing, and commissioning of telecommunications and EIMWB systems, along with Distributed and Centralised Electronic Interlocking (EI) at 10 new stations, including Surakachhar, Katghora Road, and Dhangawan. It also covers the setup of six new Intermediate Block Sections (IBSs) across designated block sections between Bhingra and Pendra Road. Additionally, the scope includes the implementation of a new Section Control System with associated train control communication equipment in the Gevra Road–Pendra Road section, a new telephone exchange, and EIMWBs at suitable locations. Modifications to the existing interlocking systems at Kusmunda Block Station and the SECL SILO Siding East Cabin are also part of the works. ALSO READ |
In an exchange filing, RVNL said, 'It is hereby informed that RVNL emerges as the lowest bidder (L1) from IRCON International Limited for 'Supply of various signalling, telecommunications and EIMWB materials; Installation, Testing and Commissioning of Distributed/Centralised Electronic Interlocking (El) Installations at 10 new stations, viz., Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan and Bhadi stations; 06 new IBSs in the Bhingra-Putuwa, Putuwa-Matin, Sendurgarh-Putipakhana, Putipakhana-Bhadi, Bhadi Dhangawan & Dhangawan-Pendra Road block sections; Installation, Testing and Commissioning of New Section Control System with Headquarters and Wayside Train Control Communication Equipment/System in the Gevra Road-Pendra Road section; Installation, Testing and commissioning of new Telephone Exchange and EIMWBs at appropriate location(s) through execution of various signalling & telecommunications works; alterations/modifications in the existing panel interlocking installation at Kusmunda Block Station (KBS) yard and the existing electronic interlocking installation at East Cabin of the SECL SILO Siding (KMKA) yard including other miscellaneous works.'
About RVNL
RVNL is a company based in New Delhi, specialising in the construction of rail infrastructure projects across the country. Set up in 2003, the company is actively involved in the development and implementation of various railway projects, including new lines, doubling, gauge conversion, railway electrification, workshops, metro projects, bridges, construction of cable-stayed bridges, and institution buildings.
Additionally, it offers financial resource mobilisation services to support its projects. Rail Vikas Nigam Limited caters to clients such as Indian Railways, central and state government ministries, departments, and public sector undertakings.
The market capitalisation of RVNL is ₹87,153.84 crore, according to BSE. The company falls under the BSE200 category.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
4 hours ago
- Indian Express
RVNL targets to launch first Vande Bharat Sleeper train prototype in June 2026; to deliver full 120 train sets by 2032
Vande Bharat Sleeper trains: The Ministry of Railways is working in full swing to ramp up the production of Vande Bharat Sleeper trains. For this, the national transporter awarded the contract to manufacture Vande Bharat Sleeper trains to three companies: BEML, Kinet Railway Solutions (a Joint Venture between Russian rolling stock major TMH and Rail Vikas Nigam Limited – RVNL) and a consortium of Titagarh Rail Systems Limited and Bharat Heavy Engineering Limited (BHEL). Of these, the RVNL-led JV is set to manufacture 120 Vande Bharat Sleeper train sets. The company is expected to unveil the first prototype in June 2026. 'All the roadblocks have been cleared and now it is in advance designing stage and production has started in Latur factory. And we hope to see the first prototype in June '26. And after that, the regular production will start,' MP Singh, Director-Operations, RVNL said, according to an exchange filing. Once the trials are successful and proving trials are held and the prototype is cleared, the regular production will start. 'So, in the next financial year, that is Financial Year '26-27, along with the prototype, we expect to see the regular production of the train sets also,' he said in an earnings conference call on August 12. Speaking during the earnings conference call, Pradeep Gaur, Chairman and Managing Director, RVNL said that the order of 120 train sets will be concluded by 2032. '2032, 5 years total. There is a break up of year wise,' Gaur said, while responding to a question, according to a regulatory filing.
Hans India
17 hours ago
- Hans India
Lacklustre session as investors stay on sidelines
Mumbai: Benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade on Thursday as investors turned cautious ahead of the US-Russia talks on August 15. Extending gains to the second day, the 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80,597.66. During the day, it rallied 211.27 points or 0.26 per cent to 80,751.18. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24,631.30. Among Sensex firms, Eternal, Infosys, Asian Paints, HDFC Bank, Bajaj Finserv and Titan were the major gainers. However, Tata Steel, Tech Mahindra, Adani Ports and Bharat Electronics were among the laggards. The Trump-Putin meeting could have significant implications for energy markets, potentially leading to an easing of sanctions against Moscow. 'After a volatile weekly expiry-day session, Indian equities ended flat as investors traded cautiously ahead of the US-Russia summit. IT and pharma stocks advanced on the back of a softer US inflation data and dovish outlook. Banking and consumer durables also gained on hopes of a consumption-led recovery,' Vinod Nair, Head of Research, Geojit Investments Ltd, said.
Time of India
a day ago
- Time of India
Indian Oil's Q1 profit more than doubles to Rs 5,689 crore
Indian Oil reported doubling of net profit to Rs 5,689 crore in the June quarter from Rs 2,643 crore a year earlier buoyed by robust marketing margins. Revenue from operations grew 1% to Rs 218,608 crore in the three months ended June. 'Improvement in net profit is mainly on account of higher refining and marketing margins being set off to some extent by inventory losses,' the state-run refiner and retailer said. Indian Oil incurred an inventory loss of Rs 6,465 crore during the quarter compared to an inventory gain of Rs 3,345 crore a year earlier, said AS Sahney, chairman, referring to the strong impact of inventory in the quarterly earnings. The company's gross refining margin (GRM) for the quarter stood at $2.15 per barrel compared to $6.39 per barrel in the year-earlier period. (Recheck this) After removing the effect of inventory loss and gain, margin would be $6.91 compared to $2.84 a year earlier. Indian Oil and other domestic fuel retailers like BPCL and HPCL have been enjoying strong marketing margins on retail sales of petrol and diesel since they have continued to keep pump prices frozen despite a decline in international fuel rates. Indian Oil had an under-recovery of Rs 3,858 crore on the sale of cooking gas during the quarter compared to Rs 4,294 crore a year earlier. The government has decided to compensate oil marketing companies to the tune of Rs 30,000 crore for LPG under-recoveries, but the modalities are yet to be worked out. Indian Oil reported the highest-ever quarterly sales volume of 26.32 million metric tonnes (MMT) in April-June compared to 25.25 MMT in the year-ago period. The company's domestic petroleum sales volume rose 4.2% against the industry's 3.9%. Institutional diesel sales volume increased 40.3% compared to industry's 14.8%. Average capacity utilisation at its refineries was 107% during the quarter. Shares in Indian Oil, valued at about Rs 198,000 crore, ended 1.58% lower at Rs 140.15 apiece on Thursday when the benchmark BSE Sensex closed nearly unchanged.
