📷 Image: Wikimedia Commons / Ministry of Railways
Business
RVNL shares jump 2% after securing Rs 903 crore order from SJVN Thermal
✍️ The Economic Times
🗓 07 Sep 2026, 02:36 PM
👁 5
Rail Vikas Nigam Limited (RVNL) saw its stock rise by 2% on the back of a Rs 903 crore contract awarded by SJVN Thermal, according to The Economic Times.
Rail Vikas Nigam Limited (RVNL) reported a 2% increase in its share price following the award of a contract worth Rs 903 crore by SJVN Thermal. The order, announced by the two entities, is expected to contribute to RVNL's order book and may bolster its revenue outlook.
The Economic Times highlighted the market reaction, noting that investors responded positively to the news, pushing the stock higher during trading hours. While details of the project scope were not disclosed, the magnitude of the order underscores RVNL's growing involvement in the power sector.
Analysts view the contract as a sign of confidence in RVNL's execution capabilities, especially in large‑scale infrastructure projects. The company is likely to report the order in its upcoming financial disclosures.
The share movement reflects broader market optimism about infrastructure spending in India, with thermal power projects remaining a key area of investment.
RVNL's management has not released further comments, and the specifics of the SJVN Thermal contract will be clarified in future filings.
The Economic Times highlighted the market reaction, noting that investors responded positively to the news, pushing the stock higher during trading hours. While details of the project scope were not disclosed, the magnitude of the order underscores RVNL's growing involvement in the power sector.
Analysts view the contract as a sign of confidence in RVNL's execution capabilities, especially in large‑scale infrastructure projects. The company is likely to report the order in its upcoming financial disclosures.
The share movement reflects broader market optimism about infrastructure spending in India, with thermal power projects remaining a key area of investment.
RVNL's management has not released further comments, and the specifics of the SJVN Thermal contract will be clarified in future filings.