The project involves OHE modification work for the upgradation of the existing 1×25 KV electric traction system to 2×25 KV at the feeding system in the Itarsi – Amla section in the Nagpur Division of Central Railway to meet a 3000 MT loading target.
The contract, awarded under general contract conditions, will be executed over a period of 24 months. The project falls within the normal course of business for RVNL and is classified as a domestic order.
Additionally, the board of directors of RVNL is scheduled to meet on Wednesday, May 21, to consider the recommendation of a final dividend for the financial year 2024-25, subject to shareholder approval at the Annual General Meeting (AGM).
In a separate development on Thursday, RVNL informed that the company has appointed Surender Singh as a non-official part-time director on its board, effective May 15, 2025.
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RVNL share price history
For the one-year period, RVNL’s shares gained 36.39%, while on a year-to-date (YTD) basis, they declined by 12.13%. Over the last six months, the stock dropped by 10.46%, whereas in the three-month period, it rose by 4.42%. Further, in the one-month period, the stock recorded a gain of 4.14%.
On Thursday, the shares of RVNL closed 0.83% higher at Rs 375.90 on the BSE.
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