RVNL in Focus After Buxar Thermal Project Order

Rail Vikas Nigam Limited (RVNL) is in focus after receiving a Letter of Award worth ₹903.01 crore from SJVN Thermal Private Limited, a wholly owned subsidiary of SJVN Limited. The order involves construction of a permanent railway siding along with an aerial track connection at Buxar in Bihar. The work forms part of the 1,320 MW Buxar Thermal Power Project and is expected to be completed within 36 months. The contract strengthens RVNL’s order pipeline and expands its business beyond conventional railway projects into power-related infrastructure. The latest order the lowest bidder for another ₹404.88 crore East Coast Railway project just a day earlier, taking the combined value of the two developments above ₹1,300 crore. Investors are likely to monitor exthe combined value of the two developments above ₹1,300 crore. Investors are likely to monitor execution progress, new order inflows and the company’s ability to maintain its project pipeline. The fresh contract could support sentiment toward the stock when trading resumes