06 Apr , 2026 By : Debdeep Gupta
Shares of Rail Vikas Nigam declined more than 2 percent in the opening trade on April 6 despite the company secured an order worth ?242.49 crore from South Central Railway.
At 09:19am, Rail Vikas Nigam was quoting at Rs 254.80, down Rs 6.05, or 2.32 percent, on the BSE.
According to the company’s exchange filing, it has received a Letter of Acceptance (LoA) for the design, supply, erection, testing, and commissioning of OHE (Overhead Equipment) upgradation. The project involves upgrading the existing 1x25 kV system to a 2x25 kV AT feeding system, along with feeder and earthing works in the Ongole (OGL) to Gudur (GDR) section of the Vijayawada Division.
The total project covers 154 RKM / 462 TKM and is scheduled to be completed within 24 months.
Earlier in March, the company had also received an LoA worth ?95.27 crore from National Mineral Development Corporation for refurbishment and maintenance works at its Chhattisgarh facilities.
The shares have declined 28% over the past three months.
In the previous trading session, the stock closed 5.19% higher at ?262.60, gaining ?12.95. The stock has touched a 52-week high of ?448 (May 20, 2025) and a 52-week low of ?248.25 (March 30, 2026). It is currently trading 41.77?low its 52-week high and 5.08?ove its 52-week low.
The company’s market capitalisation stands at ?54,387.75 crore.
0 Comment