RVNL Secures Rs 87 Crore South Eastern Railway Order; Shares Remain Flat
Business
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Moneycontrol•19-01-2026, 09:32
RVNL Secures Rs 87 Crore South Eastern Railway Order; Shares Remain Flat
- •Rail Vikas Nigam (RVNL) received an order worth Rs 87 crore from South Eastern Railway.
- •The contract involves supplying, installing, and commissioning an IP-based video surveillance system (VSS) in LHB coaches.
- •The project, valued at Rs 87,55,64,424, is to be completed within 10 months from the purchase order date.
- •Despite the new order, RVNL's share price was marginally down by 0.12 percent on January 19, trading at Rs 334.75.
- •Earlier, RVNL also secured a Rs 201 crore LOA from East Coast Railway for a wagon POH workshop at Kantabanji.
Why It Matters: RVNL won a significant Rs 87 crore order from South Eastern Railway, yet its shares traded flat.
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