Rvnl share price today: Government PAUC Company Rail Development Corporation (RVNL) shares jumped up to 4% in early trade on Wednesday (5 February). RVNL shares jumped 4.04 percent to Rs 416.30 on the National Stock Exchange (NSE). This boom in RVNL shares came after the announcement of the company getting a ‘letter of acadens’ of Rs 404.40 crore from the East Coast Railways.
RVNL said in the Regulatory FILILIL, “The letter of accepting from East Coast Railway has been received for Koraput-Sangapur Road Dabbling Project. This includes the 27 major moments (22 major bridges and five ROBs) execution and Waltaire Division, connections between Tikiri and Bhalumaska stations in connection with the Koraput-Singapur Road Dabbling Project of East Coast Railway, Koraput-Singapur Road Dabbling Project.
What does Rail Development Corporation (RVNL) do?
Railway Development Corporation (RVNL) is a unit of the Government of India which develops rail infrastructure. It started in 2003. RVNL completes the projects given by the Ministry of Railways. This includes dabbling, gauge conversion, new lines, analysis, bridge making, workshops and production units.
The company performs project development, finance and implementation on a turnky basis by serving customers such as Indian Railways, Central and State Government Ministries and Public Sector Undertakings. RVNL’s market cap on NSE is Rs 85,183.50 crore by February 5, 2025.
The 52-week range of RVNL shares on BSE is Rs 647-213.05. Railway PUAC company shares have given a return of 47 percent in the last one year. At around 10 am, RVNL shares were trading at Rs 413.65 above their previous closed price of Rs 400.10 on NSE at Rs 413.65.
Meanwhile, the benchmark equity index BSE Sensex and NSE Nifty were trading on the lead on Wednesday. The Sensex rose by 28.46 points or 0.04 percent to 78,612.27, while the Nifty was trading at 50.20 points or 0.17 percent to 23,783.40.