RVNL shares fall 10% despite Rs 106-crore order win
RVNL stock slipped 9.87% to Rs 219.45 on BSE. Market cap of RVNL slipped to Rs 46,495 crore on BSE.
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RVNL stock slipped 9.87% to Rs 219.45 on BSE. Market cap of RVNL slipped to Rs 46,495 crore on BSE.
RVNL became the Lowest Bidder (L1) from Central Railway for implementing Automatic Block Signalling with a project cost of ₹47,36,54,438.19, scheduled for completion within 12 months
The firm received a similar order for the south zone of Himachal Pradesh. The total cost of the project is Rs 888.56 crore and is to be executed in 24 months.
Key headlines from 2023 include Aramco JV’s $12.2bn refinery and petrochemical complex deal in China, Canada and Volkswagen’s $14bn contribution for EV battery gigafactory and Saudi Arabia’s $17.33bn development projects.
India-based infrastructure company Larsen & Toubro's (L&T) Power Transmission & Distribution (PT&D) business has received engineering, procurement, and construction orders in both India and Saudi Arabia.