Rail Vikas Nigam Limited (RVNL) secured a Rs 191.53 crore contract from South Eastern Railway for a 132 KV traction substation project. The project aims to support a 3000MT loading target on the Raj Khaswan, Nayagarh-Bol section within 18 months. RVNL, a PSU under the Ministry of Railways, reported a 33.16 per cent profit increase in Q4FY24, with revenues rising by 17.38 per cent. Its stock price surged by 5.77 per cent on June 21, 2024.
