RVNL’s (Rail Vikas Nigam Ltd) share price will remain under the spotlight on October 28 after the company emerged as the lowest bidder for a North Eastern Railway project. The contract involves the construction of the substructure of a bridge with double D-type well foundation for a double line over the Gandak River between Paniyahwa and Valmikinagar stations, as part of the doubling work on the Gorakhpur Cantt–Valmikinagar section. The project, valued at Rs 165.55 crore, is expected to be executed over 24 months.

Last week, RVNL was also awarded a South Central Railway contract for the OHE upgradation from a 1X25kV to a 2X25kV AT feeding system in the Ramgundam–Kazipet section, covering 92 RKM/276 TKM, with a project cost of Rs 144.44 crore. Earlier in October, the company secured a Rs 40.41 crore contract from Western Railway for round-the-clock maintenance and upkeep of signaling and telecom equipment in the Ahmedabad Division for two years.

In the previous trading session, RVNL shares closed at Rs 330.05, up 0.17%. The stock has seen a 52-week high of Rs 501.55 and a 52-week low of Rs 295.25, currently trading 34.19% below its high and 11.79% above its low. The company’s market capitalization stands at Rs 68,816.09 crore.