Shares of Rail Vikas Nigam Ltd (RVNL) climbed 4 percent in early trade on Wednesday, March 5, after securing a significant order from Himachal Pradesh State Electricity Board Ltd (HPSEBL).
RVNL received a Letter of Acceptance (LoA) for the development of distribution infrastructure in the Central Zone of Himachal Pradesh under the Revamped Reforms-Based and Results-Linked Distribution Sector Scheme. The project, aimed at loss reduction, is valued at ₹729 crore.
Following the announcement, RVNL shares gained momentum, reflecting investor optimism over the order win. The project strengthens RVNL’s presence in the power infrastructure segment and aligns with its ongoing expansion efforts.
The stock rose as much as 4 percent to its day’s high of ₹339.40.prana
